China’s manganese ore prices soften on thin sales
Jan 15, 2021 20:00
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China’s manganese ore prices softened this week due to thin sales, with the price of South Africa-origin 36.5% grade Mn ore at North China’s Tianjin port assessed at Yuan 34.88/dmtu ($5.4/dmtu) including the 13% VAT as of January 14, lower by Yuan 0.8/dmtu after touching the near four-month high on Monday, according to Mysteel’s data.
“Considering the scarcity of spot sales, some domestic traders decided to lower their offering prices to some extent to attract buyers and gain more cash flow before the Chinese New Year holiday,” a market source in Shanghai said.
However, domestic market sentiment was not too pessimistic, with many manganese suppliers defending