[Ferro-Alloys.com] It seems that Chinese imported manganese ore spot market still failed to in good shape in the wake of week-long Spring Festival Celebration. Australian Mn46 lumps were focused on RMB33-33.5/mtu at northern ports and RMB32-32.5/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 RMB31-31.5/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.

In terms of future quotation, BHP already released March manganes ore shipment to China. Mn45.5% Fe<5% lump ore was cut to USD3.7-3.85/mtu from USD4.25/mtu, Mn49% Fe<5% sand ore was dropped to USD3.55-3.7/mtu from USD4.1/mtu. (CIF, China). It seems that downtrend of future quotation for March could be still great albeit uncertainty for other miners move. 

In short, given increasing downtrend risk for manganese ore, it seems that the move of participants also become more cautious.  Thanks to pick-up operation rates of manganese alloy in March for seasonal influence, it is predicted that performance of ore would also be improved gradually.

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• [Editor:Sophie]