China's manganese ore prices hover high, sales slow

Manganese ore prices in China have been hovering at high levels recently, mainly supported by domestic traders' rising import costs, while sales in the physical market slow down as many downstream alloy smelters have scheduled production cuts in April, Mysteel Global learned.

As of March 31, the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port was assessed by Mysteel Yuan 44/dmtu ($6.4/dmtu) including the 13% VAT, the same level as one week before. Chinese manganese ore traders prefer to hold their sales prices, waiting for the new round