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[Ferro-Alloys.com] In recent period, prices of Australian Mn46 lumps were falling to RMB32.5-33/mtu at southern ports while RMB33-34/mtu at northern ports. Meanwhile, Australian Mn48 sand ore were also edging down to RMB32.5-33/mtu in south and RMB33-33.5/mt in north. As for South African Mn38 lumps, prices were still focusing on RMB28.5-29.5/mtu. In addition, Gabonese Mn 45-46 lumps were decreasing to RMB31-32/mtu and RMB29.5-30.5/mtu for Brazilian Mn 44-45 lumps.

As sales for manganese alloys kept tumbling, the negative effect on imported manganese ore spot market also began to aggravate. What’s more, financial pressure by the end of the year added unstability to ore market. As for Malaysian lump ore, lowering operation rates of manganese alloys in south allowed ore traders to turn to northern market. In tems of South African Mn32%Fe20%, the main quotation still concentrated on RMB32.5/mtu.

In general, given lowering growth consumption of manganese ore, coupled with high stockpiles at ports, it is predicted that future market for ore would be still not optimistic.

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• [Editor:Sophie]