China's manganese ore prices remain stable

China's manganese ore prices remained largely stable over November 26-December 2, with the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port under Mysteel's assessment reaching Yuan 34.3/dmtu ($4.9/dmtu) including the 13% VAT on December 2, the same level as one week before.

Many domestic manganese ore traders are trying to hold their offering prices at the current high level, as they are optimistic about manganese ore prices in the coming term, Mysteel Global learned. Demand from alloy smelters is firm and silicomanganese (SiMn) futures prices are performing better. Some new SiMn smelting