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Print[Ferro-Alloys.com] By the end of the month, Australian Mn46 lumps dropped to RMB25-26/mtu at ports in China. As for Mn48 sand ore, the price declined to RMB23.5-24.5/mtu in China. South African Mn38 lumps edged down to RMB22-23/mtu while RMB26.5-27.5/mtu for Mn32%Fe20%. Meanwhile, Gabonese Mn 44lumps fell to RMB23-24/mtu at ports. Brazilian Mn 44% lumps pushed down to RMB 22-23/ mtu in China. Malayisan lump ore Mn>32% dipped to RMB21-22/mtu. Increasing sale pressure and downtrend of future quotation of oversea miners resulted in a further dropping for imported manganese ore spot prices.
In terms of oversea miners quotation, it is reported that CML already released May manganese ore shipment to China, Australian Mn46%Fe6%SI14%P0.05% was quoted at USD3.35/mtu from USD3.45/mt. ( CIF, China).
In general, more or less three millions stockpiles in China coupled with slim demand of alloys, it is estimated that manganese ore spot would be still not optimistic in May.
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- [Editor:Sophie]
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