[Ferro-Alloys.com]In recent period, a modest pick-up for imported manganese ore transaction brought about posive affect on ore spot market thanks to resuming production in south areas of China. As the number of Chinese ore traders objecting to sell ore with low price are becoming more and more increase, the price of spot ore also tend to hold steady temporarily.

Australian Mn46 lumps dropped to RMB25-26/mtu at ports in China. As for Mn48 sand ore, the price declined to RMB23.5-24.5/mtu in China. South African Mn38 lumps edged down to RMB22-23/mtu while RMB26.5-27.5/mtu for Mn32%Fe20%. Meanwhile, Gabonese Mn 44lumps fell to RMB23-24/mtu at ports. Brazilian Mn 44% lumps pushed down to RMB 22-23/ mtu in China. Malayisan lump ore Mn>32% dipped to RMB21-22/mtu.

Despite flat demand for ore as a whole, resuming output in south of China for manganese alloy gave a stimulus on ore transaction. Furthermore, aprart from demand, domestic policy changes, participants’ confidence, ore product cost changese all will influence on imported manganese ore spot price later. Since a persistent shortfall in demand will hard to improve in recent period, it is estimated that there was no obvious fluctuation on ore. 

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• [Editor:Sophie]