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The acceptance of manganese ore is temporarily low(19/06/2019)

CFO 2019-6-19:Monday, the spot price of manganese ore gradually increased, Tianjin Port mainstream manganese ore price generally increased by 2.0 yuan/ton, downstream alloy manufacturers of manganese ore inquiry procurement is more active. As for the rise of manganese ore price, downstream manufacturers have more exploratory inquiries and less real purchase, which also reflects that downstream manufacturers'acceptance of the rise of manganese ore price is still low.

Till today, the transaction prices of Tianjin, Hong Kong, Macao and Gabon blocks have increased by 1.5 yuan per tonne, while those of South Africa semi-carbonate and Brazilian low-iron manganese ores have increased only slightly by 0.5 yuan per tonne. At present, the transaction price of Australasian manganese ore continues to rise, while the remaining minerals are still waiting. Australian manganese ore demand and cost-effective advantages have emerged, and the current port supply is relatively low.

As for the momentum of the manganese ore price rise, more market participants believe that we should pay attention to the further trend of the downstream market and the digestion of manganese ore stocks in ports, while continuing to look forward to the increase, we should also maintain a more rational mentality.


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