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Print[Ferro-Alloys.com] by the end of July, Australian Mn46 lumps kept at RMB25-25.5/mtu at ports in China. As for Mn48 sand ore, the price remained at RMB23.5-24/mtu in China. South African Mn38 lumps kept unchanged at RMB21.5-22.5/mtu while RMB22.5-23.5/mtu for Mn32%Fe20%. Meanwhile, Gabonese Mn 44lumps fixed at RMB23-24/mtu at ports. Brazilian Mn 44% lumps put steady at RMB 22-23/ mtu in China. Malaysian lump ore Mn>32% dipped to RMB20-21/mtu.
Since price of manganese alloy in China still face another downturn, sale pressure on imported manganese ore spot would aggravate market competition and drag down price amid flat demand. One the one hand, ongoing steady future quotation of imported manganese ore did provide some cushion on sale market nevertheless, more or less three million tons of ore inventory also exerted
negative effect on ore, while on the other hand, apart from slack season in summer, strictly policy on environmental protection surrounding Beijing would also bring about some affect on mills operation.
In short, given poor performance of manganese alloys, future market of manganese ore would be hard to optimistic.
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- [Editor:Sophie]
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