UTC+8 ( BJT)

India: Seaborne Mn ore prices lowest in 2020

South Africa-origin manganese ore is trading at around $4.05/dmtu CNF India, the lowest level for 2020, amid sluggish global and Indian demand.
Market participants expect prices of manganese ore to fall further as Chinese demand remains low. At present, South African manganese ore price is down by 23% M-o-M on a cnf India basis. Ore stocks with Indian alloy producers have shrunk though these companies are likely to hold off on fresh purchases

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