China's manganese ore prices hit 13-month high

Manganese ore prices in China have risen recently, with Mysteel's assessment on March 10 putting the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port at a 13-month high of Yuan 39.5/dmtu ($5.8/dmtu) including the 13% VAT higher by Yuan 1.5/dmtu on week.

The firm manganese ore prices are being primarily supported by higher offers from major overseas mines for shipments to China in April, as reported. The higher import costs being borne by domestic manganese ore traders are encouraging them to hike their sales prices accordingly, Mysteel Global learned. In late February,