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At the beginning of the week, the price of imported manganese ore in China continued to steadily rise. With the futures prices of manganese ore in Gabon and Australia increasing by 0.2 US dollars/dmtu, and downstream silicon manganese futures rising strongly, it became more difficult for steel mills to lower prices. In addition, the concentration of manganese ore sources in ports increased, further fueling market sentiment. Some large port traders have raised their prices by 1-2 yuan/dmtu, but there is currently a slight lack of follow-up on actual transactions.
At present, the price of Australian manganese ore lumps is 42-43 yuan/dmtu (up 1 yuan/dmtu) in Tianjin Port. And the price of South Africa's manganese ore 37% is about 34-35 yuan/dmtu (up 1 yuan/dmtu) in Tianjin Port.