Yesterday, South32's official website issued a document stating that GEMCO terminal will resume mining activities in phases starting in Junebet365pokerHowever, terminal and port infrastructure suffered serious losses due to the disaster and is expected to recover as soon as the first quarter of 25 years, with the recovery time compound market expectations. However, Brazilian manganese ore futures have recently increased bookings, and the market is actively looking for alternative commodities. Mn46-48% grade futures are quoted at 60 yuan/ton. It is expected that this round of commodities will be concentrated in Hong Kong after mid-July.
It is worth noting that there is not much fundamental contradiction between manganese and silicon itself at present. It is currently in a state of high inventory and low demand. The recovery progress of the downstream black chain industry is relatively slow. However, what is exciting is that steel mills still have expectations for replenishment under low inventory conditions, but most of them are offset by the continuous resumption of production by the manganese plant. In the short term, the supply gap will still be the main theme of hype, and the main focus will be to lower the price. Focus will be on the front-line support of the 8500 mark. Prices should not chase up too much, and beware of sudden disturbances caused by overseas news. (Disclaimerbet365poker: This information is for reference only and does not constitute investment advice. Operate accordingly at your own risk.)
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