China's manganese ore prices remain weak, sales slow down

China's manganese ore prices continued to weaken during the period of September 23-29, mainly due to the slowdown in spot sales and the persistent weakness in alloy prices, Mysteel Global learned.

On September 29, Mysteel assessed the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port at Yuan 33.3/dmtu ($5/dmtu) including the 13% VAT, dipping by Yuan 0.2/dmtu from one week before. Transactions of this ore in the physical market have remained dull recently amid the wait-and-see sentiment