China's manganese ore prices edge higher, sentiment improves

China's manganese ore market ticked up slightly during the week of August 12-18, as market sentiment improved with the better performance of silicomanganese (SiMn) futures, Mysteel Global learned.

On August 18, Mysteel assessed the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port at Yuan 33.2/dmtu ($4.9/dmtu) including the 13% VAT, rising by Yuan 0.4/dmtu from the 14-month low recorded one week earlier. The main driver for the increase was stronger SiMn futures prices. On