[Ferro-Alloys.com] This week, Chinese manganese ore spot market kept steady though business in good shape. Thanks to increasing output for silicon manganese, transaction for imported manganese ore market in China showed improvement in recent period. However, given poor situation for steel, it seems that future market of ore spot would be still not optimistic.

Australian Mn46 lumps are currently focused on RMB33.5-34/mtu and the same for Mn48 sand ore. South African Mn38 lumps are pricing at RMB29-29.5/mtu while RMB32.5-33.5/mtu for Mn32%Fe20%. Gabonese Mn 45-46 lumps are now lingered about RMB31.5-32/mtu while RMB30.5-31.5/mtu for Brazilian Mn 44-45 lumps and RMB29-29.5/mt for sand ore.

As ore inventory at ports in China gradually consuming, ore traders have strong desire to push up price. Nevertheless, taken increasing manganese ore supply in global market for consideration, coupled with further downturn for manganese alloy in September of China, it is predicated that future market for Chinese manganese ore spot price would still face downturn risk.

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• [Editor:Sophie]