China's manganese ore prices up to 4-month high

Chinese manganese ore prices continued to firm this week, with the price of South Africa-origin 36.5% grade Mn ore at North China's Tianjin port touching a four-month high of Yuan 36.6/dmtu ($5.8/dmtu) including the 13% VAT as of February 24, gaining another Yuan 1.5/dmtu on week, according to Mysteel's assessment.

The continuous rise in price was mainly attributed to the better demand from manganese alloy smelters and the relatively lower manganese ore stocks, Mysteel Global learned. "Consumption of manganese ore from domestic silicomanganese smelters kept firm with the steady growth in their production, driven by the healthy profit margins they