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The transaction in the manganese ore market has improved, and the quotation continues to rise, with a transaction of about 35 yuan/dmtu of South Africa's carbonate manganese ore in Tianjin Port. The transaction price of Qinzhou Port manganese ore has increased, and some traders are waiting for market changes.
South32's shipment quotation to China in May 2024 is $4.3/dmtu of South African carbonated manganese ore (up $0.2/dmtu), equivalent to a cost of approximately 36.5-37 yuan/dmtu in China's spot market. Recently, the prices of the mines have increased significantly, providing strong support for spot costs.