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Home / Metal News / [Mn Ore] Imported Manganese Ore Prices at Chinese Ports to Face Downward Pressure Next Week
[Mn Ore] Imported Manganese Ore Prices at Chinese Ports to Face Downward Pressure Next Week
Jul 31, 2015 16:24Source:SMM
Prices for imported manganese ore at major Chinese ports will come under downward pressure next week, Shanghai Metals Market predicts.
SHANGHAI, Jul. 31 (SMM) – Prices for imported manganese ore at major Chinese ports will come under downward pressure next week, Shanghai Metals Market predicts.
More and more steel mills have maintenance plans. Environmental protection drive in Hebei and its surrounding regions will curtail steel production. So, SiMn alloy demand from steel mills will fall, which will hurt manganese ore demand. Besides, many steel mills are expected to cut SiMn alloy bid prices for August delivery, another drag on manganese ore.
At the Port of Tianjin, Australian manganese ore (lump, Mn46%) was mainly offered at 25 yuan per mtu, versus 21.5 yuan per mtu for South African semis carbonate manganese ore.
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