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At the beginning of the week, the manganese ore market people take a wait and see attitude and most traders had high holding costs, so they did not consider selling at a low price for the time being. However, downstream silicon manganese manufacturers in China still maintained a pressure on prices in order to save production costs, resulting in chaotic operation of mineral prices. South Africa's manganese ore 37% prices were around 35-37 yuan/dmt in Tianjin Port. There were also scattered low-priced transactions in the market. Although the mainstream Australian manganese ore traders quote 60 yuan/dmtu for lumps, and there is a lack of actual transactions for oxidized manganese ore.
On the whole, the manganese ore market is generally active, and bulk cargo transactions are still in progress. However, with the increase of the later arrival cost, the loss of the traders has intensified, and the pressure of shipment is greater. Under the loss of the production cost of the silicon manganese manufacturers, the raw material side will continue to be depressed, and the two parties will continue to play games in the short term.