China's Mn ore prices remain firm on healthy fundamentals

China's manganese ore prices kept stable during December 10-16, with the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port under Mysteel's assessment staying at Yuan 34.2/dmtu ($4.9/dmtu) including the 13% VAT on December 16, the same level as one week earlier.

The fundamentals of manganese ore in China remain healthy overall, supported by steady demand from alloy smelters. Meanwhile, inventories of the ore at China's major ports are yet to show any significant accumulation, giving domestic traders the confidence to hold their offering prices steady, Mysteel Global learned. Many manganese alloy