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Print[Ferro-Alloys.com] Suffered by downturn of bidding on alloys for steel mills, imported manganese ore spot market in China maintained poor performance. As manganese alloys further touched the bottom, it is predicted that ore market situation would not be optimistics in December either.
As for spot sale, Australian Mn46 lumps are currently focused on RMB33.5-34.5/mtu andRMB33-33.5/mtu for Mn48 sand ore. South African Mn38 lumps are pricing at RMB28.5-29.5/mtu while RMB32-33/mtu for Mn32%Fe20%. Gabonese Mn 45-46 lumps are now lingered about RMB31.5-32.5/mtu while RMB30-31/mtu for Brazilian Mn 44-45 lumps.
In conclusion, weak demand brought about standstill transaction for imported manganese ore in China recently with only small batches can be made. Since ample supply failed to get improved obviously in China, flat sale coupled with capital pressure by the end of the year would allow some traders to lower price again.
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- [Editor:Mike.zhang]
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