Baosteel settles Jul manganese tender

About 1.2 million mt of manganese ore production in South Africa is expected to be affected by the 21-day nationwide lockdown aimed at containing the coronavirus, a local trader estimates. President Cyril Ramaphosa announced the three-week lockdown on Monday March 23, including closing mines, starting from midnight Thursday March 26.

Prices of spot manganese have not received significant support from the resumption of downstream demand and have extended their slide this week. SMM expects the prices will remain weak with pressure from elevated inventories of #200 cold- and hot- rolled stainless steel.

China's imports of cobalt raw materials, including ore and intermediate products, came in at 8,000 mt in January, down 25% from December, showed the latest customs data. Imports in 2019 were 24%...

Daily output of electrolytic manganese across the region is expected to recover to 100-200 mt in the early stage of the resumption

The imports in December exceeded that in November to the highest monthly level since September 2018

Average spot prices of electrolytic manganese in China’s main production areas fell 325 yuan/mt month the month in Nov

This followed after shipment recovery from typhoon boosted the arrivals two weeks ago

Exports in H1 expanded 10% from a year ago and stood at 2.98 million mt

The decline came after exports gained 92.2% month on month in Mar

Iron ore leaving Brazilian ports was expected to drop by 3.16 million mt on the week, to a record low of 2.32 million mt