China's manganese ore prices remain weak

China's manganese ore prices remained weak during the period of October 14-20, with Mysteel assessing 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 on Tuesday, dipping by Yuan 0.2/dmtu from one week before.

Manganese alloy smelters are trying to cut their Mn ore procurement prices, given the softness of silicomanganese (SiMn) prices and the lower bidding prices for SiMn being tabled by major steel mills. Both are putting some pressure on China's manganese ore market. On October 20, Mysteel assessed the national price