SHANGHAI, Aug. 28 (SMM) – Prices for imported manganese ore at Chinese ports will face downward pressure next week, SMM says.
Sales at ports were poor this past week, and there have been no signs of a pickup. Moreover, Hebei Iron & Steel Group cut preliminary bid prices for SiMn alloy by another 150 yuan per tonne for delivery in September. This will put a drag on manganese ore prices as well.
Manganese ore stocks at major Chinese ports were 2.74 million tonnes as of August 28, down about 70,000 tonnes from a week ago.
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