December 03, 2008

Chinese domestic manganese ore market remains bleak

It is reported that Chinese domestic manganese ore quotation dips slightly with slim deals done.

Manganese carbonate ore with Mn 23% in Shanxi is priced at CNY 1000 per tonne, down by CNY 50 per tonne and Mn20% at CNY 900 per tonne, which are said as the floor prices.

Manganese lump transactions are closed thin now, with quotation of Mn30Fe10P at CNY 1000 per tonne in Hunan and Mn30Fe10P at CNY 1100 to CNY 1200 per tonne in Guangxi area. Currently, amid sluggish market, most plants suspend sale on weak prices and have stocked some tonnages for a rebound in the future market.

(Sourced from MySteel.net)