keywords :
During the China's holiday period, the manganese ore spot market is basically closed, and most traders are buying and selling after the holiday. There is currently no updated quotation for future market during the National Day period, and it is expected that big mines will launch quotations after the holiday.
In October, South32's market quotations will mainly be based on index prices, while Jupiter and UMK's South African carbonate manganese ores have both been quoted at 3.7 US dollars/dmtu. The market has shown low acceptance, and most buyers' target prices are 3.5-3.6 US dollars/dmtu. Some are waiting for future market prices to decline to a low level.
During the National Day holiday, international manganese ore market will maintain stable shipping. The arrival of South Africa's manganese ore is around 400,000 tons in the holiday, mainly at Tianjin Port. There are currently no shipments from Australia. Large ships from Gabon will arrive in Tianjin, and it is expected that Tianjin Port's inventory will increase by more than 200,000 tons during the National Day holiday, approaching 5.3 million tons.