Manganese ore market summary Mar 3-7

Chinese manganese ore market is promising, and the concluded price of the material remains high.
The offers of Australian lumpy manganese ore 45% is at RMB103-105/dmtu ex ports, Australian lumpy manganese ore 48% at about RMB115/dmtu ex ports, Gabonese lumpy manganese ore 48% at RMB110/dmtu ex ports and South African lumpy manganese ore 47% at RMB98-100/t ex works. And market participants generally believe the price of the material will not go down due to the shortage of the material in the global market.
Buyers reported to Asian Metal that the concluded price of Australian lumpy manganese ore 45% is at about RMB100/dmtu ex ports, Australian lumpy manganese ore 48% is at about RMB110/dmtu ex ports and Australian manganese ore 49-50% at RMB103/dmtu ex ports, Gabonese lumpy manganese ore 48% at RMB105/dmtu ex ports and South African lumpy manganese ore 47% at RMB96-98/t ex works.
Market participants generally think the price of the material will not retreat in the coming days, but markup will not be too much as the price of the material is already very high.