[Ferro-Alloys.com]Flat market demand coupled with rising capital financial pressure further hit ore traders’confidence. In recent period, Australian Mn46 lumps were focused on RMB33-34/mtu at northern ports and RMB32-33/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 RMB30.5-31.5/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 is said that oversea manganese ore miner UMK already unveiled Feb future shipment to China with USD3.68/mtu from USD3.75/mtu for Jan. Despite uncertainty for other giant miners, it is estimated that imported manganese ore spot market failed to get out trouble in short period given domestic poor demand and comparatively high stockpiles.

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