SHANGHAI, Aug. 14 (SMM) – Prices for imported manganese ore fell this past week as many steel mills cut SiMn alloy bid prices. Will more declines lie ahead next week?
Imported ore prices might come to stabilize or even rebound, given sharp depreciation of Chinese yuan, SMM understands.
Manganese ore stocks at major Chinese ports were 2.82 million tonnes as of August 14, down some 50,000 tonnes from a week ago.
At the Port of Tianjin, Australian manganese ore (lump, Mn46%) was mainly offered at 25 yuan per mtu on August 14, versus 21-21.3 yuan per mtu for South African semis carbonate manganese ore.
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