[Ferro-Alloys.com] In recent period, Australian Mn46 lumps maintained at RMB25-26/mtu at ports in China. As for Mn48 sand ore, the price remained at RMB23.5-24/mtu in China. South African Mn38 lumps kept unchanged at RMB21.5-22.5/mtu while RMB23.5-24.5/mtu for Mn32%Fe20%. Meanwhile, Gabonese Mn 44lumps fixed at RMB23-24/mtu at ports. Brazilian Mn 44% lumps put steady at RMB 22-23/ mtu in China. Malaysian lump ore Mn>32% dipped to RMB20.5-21.5/mtu. It seems that worse situation of manganese alloys in China would likely to bring about negative effect on imported manganese ore spot.

In terms of ore supply, increasing supply in June compared with May alleviated a slightly tight supply in early period. Given slowing growth demand for alloys, ore stocks at ports in China added somewhat. In southern ports, Australian ore Showed on the increase while South African Ore showed a little tight in June. In Northern ports, the situation is different with tight supply for Australian manganese ore but ample supply for South Africa. As for Gabonese ore, despite increasing supply in June at northern ports in China, whole sale resources still limited. But for Malaysian ore, since Malaysian miners tend to sell out products, increasing supply at Qinzhou ports in China exerted huge sale pressure on spot.

In general, Australian ore and Gabonese ore still hold steady given tight supply in early period, while ample supply for South African ore gave rise to some bargaining space. It is estimated that downtrend of manganese alloys and slack season in summer would increase sale pressure for imported manganese ore in the future.

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• [Editor:Sophie]