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This week, the spot manganese ore market in the ports operated steadily as a whole. The new round of future quotation was down from big mines, but it was basically close to the spot prices. The spot holders were in poor mood and under great pressure. Downstream factories purchase on demand, and the transaction is basically at a low level. In terms of port inventory, the inventory of North and South China's ports has decreased due to the reduction of arrival recently. There are about 4.25 million tons in Tianjin port.
In terms of downstream alloys, the spot transaction is not smooth, the factory quotation is low, and the cost difference between the north and the south is large due to the difference in electricity charges. However, the bidding price of the steel plant is basically the same. The south, especially in Guangxi, has a basic overall loss, and there may be further production reduction in the later stage.