Zhitong Financial APP learned that Southern Manganese (01091) was recently sought after by funds, soaring more than 40% last Thursday and rising more than 33% this afternoon, setting a 52-week high. As of press time, it rose 30.59% to HK $1.11, with a turnover of HK $20.1 billion.

On the news, according to media reports, the overall spot price increase of the domestic electrolytic manganese market on the 22nd has reached nearly 20,000 yuan, and the mentality of manganese factory quotation under the high-level operation of bidding by individual steel enterprises in the week has become more and more intense. I have heard that manganese mills in the southern region have traded a small amount of spot at 19800-19900 yuan / ton at the beginning of the week, and it is expected that there is limited room for new round steel enterprises to bid for lower prices when short-term supply cannot be increased in late July.