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At the beginning of the week, the manganese ore market continued to rise with market fluctuations. After the silicon manganese market rose, manganese ore transactions gradually followed suit, and the difficulty of market negotiation gradually increased. Downstream inquiries improved, with Tianjin Port South's carbonate manganese ore 37% quotation of 53-55 yuan/dmtu and Australia's manganese ore lumps quotation of 63-65 yuan/dmtu, an increase of 1-2 yuan/dmtu again. The manganese ore prices in Qinzhou Port are consolidating upwards, and the transaction prices are awaiting follow-up. Confidence in the manganese market is gradually establishing.
With the improvement of the market and the continuous consumption of port manganese ore inventory in the later stage, manganese ore still has a sufficient price advantage, and the concentration of market cargo rights is gradually increasing. In the near future, manganese ore market will enter a new round of price support trend.