China's manganese ore prices remain weak

China's manganese ore prices remained weak during the period of July 1-7, with Mysteel assessing the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port at Yuan 36.5/dmtu ($5.4/dmtu) including the 13% VAT on July 7, down by Yuan 0.3/dmtu from one week before.

Although prices of manganese alloys such as silicomanganese (SiMn) strengthened recently on cost support, this failed to drive up prices of this ore, given the thin spot sales and higher inventories at China's ports, Mysteel Global learned. Also on July 7, Mysteel assessed the national price of 6517 SiMn at