Manganese Ore Export Price Increased by Main Miner for the Month of March 2018

www.ferro-alloys.com: (Mabroor Ahmed, Country Manager, Pakistan)

05 February 2018

Ferro-Alloys.com: Australian Mining Company South32 increased their Manganese Ore export prices to China for the month of March 2018. The price for March is as follows:

Based above South32 price and after paid 17% VAT and discharging port charge, the spot price will be RMB59-60/dmtu (exchange rate usd1/6.32RMB), Due to RMB  valuation, it is another reason to push up the price of Manganese ore. The risk in April, when the cargo arrived, if the currency devaluation , then the cost of price will go to higher, otherwise, the currency valuation further, the spot price of Mn ore will change accordingly.

Current Spot Manganese Sport market, Spot price of Mn ore offered by trader around 65-67 /dmtu for South32, RMB57-58 for Carbonated Mn lumpy and RMB60-62 for Gabonese Mn ore Lumpy. slightly drop than last month.

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