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Print[Ferro-Alloys.com] In recent period, there were no big fluctuation on imported manganese ore spot market in China. Australian Mn46 lumps were focused on RMB33-33.5/mtu at northern ports and RMB32-32.5/mtu at southern ports. As for Mn48 sand ore, it was quoted at RMB33.-33.5/mtu in north and RMB31.5-32.5/mt in south. South African Mn38 lumps were priced at RMB28.5-29.5/mtu while RMB32-33/mtu for Mn32%Fe20%. Meanwhile, Gabonese Mn 45-46 lumps are now lingered about RMB31-32/mtu at northern ports and RMB31-31.5/mtu at southern ports. Brazilian Mn 44-45% lumps are fixing at RMB 29.5-30.5/mtu in north while RMB29-30/mtu in south.
It seems that alloy companies already finished raw material purchasing as Spring Festival is approaching. Therefore, Chinese ore traders focused on consuming ore stocking rather than purchasefuture shipment. Despite flat demand, ore traders are relunctunt to further cut sale price by a large margin. However, given downtrend of future shipment of oversea miners and poor performance of manganese alloy market, it is estimated that imported manganese ore in China would be hard to drag out of low point.
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- [Editor:Sophie]
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