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WEEKLY: Rising import prices boost China Mn ore market

Chinese manganese ore prices have recovered over the past week driven by the rise in prices of imported ore, with Mysteel’s price index of South Africa-origin 36.5% grade manganese ore at North China’s Tianjin port reaching Yuan 34.14/dmtu ($4.9/dmtu) as of December 9, reversing up by Yuan 0.44/dmtu week on week, according to Mysteel’s data.
The recovery in domestic manganese ore prices was mainly supported by the growth in offering prices tabled by major overseas miners exporting to China, Mysteel Global has learned. This lessened the pessimistic sentiment prevailing in China’s manganese ore market and reduced the panic among domestic importers. For instance, United Manganese of Kalahari (UMK), a manganese ore

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