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Mn Ore Spot Market Continued to Flat in China

Friday, April 11, 2014
Source:ferro-alloys.com

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Keywords:Mn Ore

[Fellow][Ferro-Alloys.com] As purchase price from steelmakers on manganese alloy kept falling, the consequences already beyond companies’ bottom line, pushing more factories into output contract or shutdown

[Ferro-Alloys.com] As purchase price from steelmakers on manganese alloy kept falling, the consequences already beyond companies’ bottom line, pushing more factories into output contract or shutdown.

At present, Mn46 lumps are now tumbling at RMB36.5-37.5/mtu. South African Mn38 lumps are dipping to around RMB30.5-31.5/mtu, Brazilian Mn 44-45 lumps are lowering to RMB34-34.5/mtu while RMB35-35.5/mtu for Gabonese Mn 45-46 lumps.

In conclusion, manganese ore spot prices continued to keep sliding in recent period，given slowing economic growing in China, it is estimated that slim demand will still trouble manganese ore market for some time.

[Editor:Sophie]

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