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After the holiday, the manganese ore market continued to be chaotic and surged, and the overall performance of the market remained strong, with high offers in China's spot market. Today, the spot price is increased by 2-3 yuan/dmtu in China. Erachem Comilog's manganese ore shipment quotation to China for June 2024 is 6.9 US dollars/dmtu for Gabon manganese ore lumps, an increase of 2.0 US dollars/dmtu month on month.
At the same time, the downstream manganese alloy market has also maintained an upward trend, and the factories want to to sell at high prices. The increase in bidding prices for steel mills continues to expand. In the future, it is recommended to pay attention to the landing of futures quotations and the performance of bidding prices for steel mills.