Manganese ore price continues to rise slightly
July 13th ,Port manganese price continues to rise slightly, and the spots are still tight.
There is almost no quote for the mainstream Australian ore, and the price of low-manganese iron ore goes up a little.And compared to last week, the price of South Africa Mn32Fe24 has gone up 1-2 yuan / (metric) ton unit. At present, the price of 33 yuan / (metric) ton unit for a similar grade of this ore has been accepted by factories.
The price of the mainstream Australian ore of the South Port upsurges a lot. Latest news shows that the price of Australian Mn49.3 in Qinzhou Port has been reported to 61.5 yuan / (metric) ton unit. And the situation that Australian ore is out of stock is serious.
Manufacturers may not understand such a situation, but the current market price of manganese ore has been away from the constrain from lower price. As there exit supply and demand contradiction and the fry from domestic traders, the price will not drop in a short time.