[Ferro-Alloys.com]Despite ongoing sluggish demand, it seems that downtrend of imported manganese ore spot becomes gradually narrow in recent period for cost bosltering. Australian lump ore is a case in point, mainstream prices of BHPMn46% lump ore still stood at RMB34/mtu, and RMB33.5-34/mtu for transaction price. Meanwhile, Mn46% from CML lingered about RMB34.5/mtu.In fact, by increasing capital pressure, some traders already forced to reluctant to lower sale to RMB33.5/mtu. However, given as high as 310,000 tons of Australian lump ore at Tianjing port, ample supply will also aggravate sale pressure on ore market later. It is estimated that manganes ore spot market in the future would be still not optimistic.

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• [Editor:Sophie]