China traders bullish about imported Mn, Cr ore prices
Mar 30, 2020 09:30
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Chinese buyers of South African raw materials for steelmaking and ferroalloys including manganese and chrome ore are bullish about prices in the domestic spot market going forward, industry sources said on Friday. This was because most miners and ports in South Africa confirmed they would shut down for 21 days from March 26 to help the country combat spreading COVID-19, causing ore shipments to be disrupted.
Most manganese and chrome ore traders at Chineseports have treated this 21-day lockdown in South Africa as an opportunity to recover prices, so most raised their offer prices lastweek and are refusing to conclude deals should Chinese smelters counter with low offers, a Shanghai-based analyst said.
A Tianjin-based trader selling manganese