[Ferro-Alloys.com] In recent period, Chinese imported manganese ore spot market kept calm with unchanged quotation from most traders. Given underperformed of manganese alloys market, it seems that participants tend to hold wait and see attitudes on future market though oversea miners edged up new round ore shipment to China.

Currently, Australian Mn46 lumps are currently focused on RMB33.5-34/mtu andRMB33-34/mtu for Mn48 sand ore. South African Mn38 lumps are pricing at RMB29,5-30/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.

In short, rising labor cost and capital spending but lowering sale is approaching alloy suppliers’ bearing capacity, especially for those in south areas. Given that into consideration, it is predicted that imported manganese ore spot market in China would still need some time to pick up.

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• [Editor:Sophie]