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At present, due to power restriction, the supply is tight in China. The silicon manganese manufacturers are unwilling to sell their inventory, and the quotation is still relatively high. Ferromanganese prices are also rising, and there is a shortage of spot. Many traders are waiting for the tender price of steel mills. The market price of electrolytic manganese also increased today. The manufacturers are optimistic about the price.
Spot prices of manganese ore in Chinese ports also rose slightly. The price of 45% Australian manganese ore in Tianjin Port has risen to 43-44 yuan / dmtu, and the price in Qinzhou Port has reached 45 yuan / dmtu. The deal at the port has also been followed up. Australian manganese ore is currently more popular. In addition, the price of manganese ore in Gabon has also increased.