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China's manganese ore prices fall to 6-month low

ABSTRACT

Chinese manganese ore prices continued to lose ground this week from the negative sentiment in the domestic market, with the price of South Africa-origin 36.5% grade Mn ore at North China's Tianjin port sliding to Yuan 34/dmtu ($5/dmtu) including the 13% VAT as of August 19, losing another Yuan 1.1/dmtu on week and marking the lowest since February 9, according to Mysteel's assessment.
Transactions of this ore at China's major ports have been scarce recently, as many manganese alloy smelters are avoiding stocking additional raw materials, given their limited consumption of this ore from the reduced run-rates they're observing for alloys, Mysteel Global learned.   The poor sales have led manganese ore inventories at China's

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