[Ferro-Alloys.com]In recent period, price of imported manganese ore in China kept at low point despite strong desire for traders to hold price steady.

Australian Mn46 lumps dropped to RMB28.5-30/mtu at ports in China. As for Mn48 sand ore, the price declined to RMB27.5-28.5/mtu in China. South African Mn38 lumps edged down to RMB26-27/mtu while RMB29.5-30/mtu for Mn32%Fe20%. Meanwhile, Gabonese Mn 44lumps fell to RMB27.5-28.5/mtu at ports. Brazilian Mn 44% lumps pushed down to RMB 26-27 mtu in China. Malayisan lump ore Mn>30%Fe10% dipped to RMB25.5-26/mtu.

This week, mainstream manganese ore price downturn gradually slow after an uptick downtrend in prior period. Nevertheless, transaction is still depressing. As for non-mainstream ore, low quotation of mainstream manganese ore made them lose originally price advantage, especially for Malaysian ore.

In general, plight situation of ore make Chinese ore traders become more cautious on importing. However, given RMB150-200/mt dipping in the purchase price of alloy in April, it is estimated that manganese ore market would likely to face downtrend later. 

• [Editor:Sophie]