SHANGHAI, Sept. 18 (SMM) – Prices for imported manganese ore at Chinese ports might trend down next week, Shanghai Metals Market foresees.
Some SiMn alloy producers in south China have closed or are planning to do so against sharp price declines. Production cuts are also reported at SiMn alloy producers in north China due to high production costs. These will hurt ore demand.
Manganese ore stocks at major Chinese ports remained high, though down 30,000 tonnes to 2.68 million tonnes as of Sept. 18.
In addition, price cuts by major overseas manganese ore suppliers will also pressure ore prices at Chinese ports.
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