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Recently, the manganese ore market has remained weak, and the silicon manganese futures has declined, leading to a relatively low market sentiment. The market trading situation is average, and there has been a certain decrease in transaction prices this week. High priced minerals from South Africa are gradually arriving at the port, and suppliers with more cargos are temporarily unable to ship at low prices due to cost considerations, and are still in a wait-and-see state. However, the cost and price of oxidized ore vary, and market transactions are chaotic. The price of South Africa manganese ore 37% in Tianjin Port is around 36-38 yuan/dmtu, while Australia manganese ore lumps price is around 57-59 yuan/dmtu, down slightly again.
In terms of the global market, the big mines have not yet made an offer, and market expectations are flat or weak. There are reports of production cuts in the market, and it is expected that the scope of production cuts will gradually expand, which may have a certain positive impact on the market. However, it is ultimately necessary to pay attention to the actual destocking situation of silicon manganese.