[Ferro-Alloys.com]The movement of imported manganese ore spot market seems to still lack of active because of sluggish manganese alloys market and high stockpiles at ports of ore. In fact, there was RMB0.5/mtu downturn trend for some kinds of ores in recent period.

Australian Mn46 lumps were focused on RMB31-32/mtu at ports in China. As for Mn48 sand ore, it was quoted at RMB30-31/mtu in China. South African Mn38 lumps were priced at RMB28.5-29/mtu while RMB31-31.5/mtu for Mn32%Fe20%. Meanwhile, Gabonese Mn 45-46 lumps lingered about RMB29-29.5/mtu at ports. Brazilian Mn 44-45% lumps fixed at RMB 28.5-29.5/mtu in China.

Since BHP pushed down March future quotation to China, concerns for Australian manganese ore showed on the rise gradually. As for South Africa lump ore with high Fe containing, the spot market showed a RMB0.5-1/mtu fluctuation from early period given poor performance of alloys market. In terms of Malaysian lump ore, it seems that the fluactutaion narrowed compared to mainstream ore.

In short, since manganes ore have long put on track to downtrend situation, Chinese ore traders’ endured heavy pressure. In fact, spot prices in China already dropped very close cost line of future quotation from oversea miners. 

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• [Editor:Sophie]