Manganese?ore: Downstream Driving Price Rising?with Confidence（17/6/2019）
CFO 2019-6-17: The market of downstream silicon manganese alloy is steadily moving forward. The atmosphere of sparse supply and high price are obviously upward, while the spot tension of downstream silicon manganese alloy is short-term or continue. It is expected that the price will be mainly rising stable as small-scale .
Downstream silicon manganese market naturally becomes more active in manganese ore inquiry purchase. Since April, the manganese ore spot market, which has been in an inverted state, began to close down last week. At present, most of the manganese miners are in a wait-and-see state.
At present, Tianjin Port manganese miners offer less, but the overall confidence in price increases is strong. Although the port inventory is still at a high level, but compared with the previous shortfall, the current downstream market has improved and the spot demand incremental market of manganese ore has good support. Therefore, it is imperative to increase the loss and have confidence in price increases.