SHANGHAI, Sep 28 (SMM) – Xiangtan Iron & Steel Co., Ltd of Hunan Valin, settled the purchasing price of manganese nodule for its October tender at 19,000 yuan/mt this week, SMM learned.
This is 850 yuan/mt up from its September tender. The price would be paid in acceptance and includes transport costs and tax.
Procurement volume for the October tender stood at 900 mt.
![Low Willingness to Sell among Manufacturers, Weak Futures and Spot Prices [SMM SiMn Weekly Review]](https://imgqn.smm.cn/usercenter/TdoSs20251217171724.jpeg)
![[SMM Manganese Ore Weekly Review] Demand Lacks Strength, Wait-and-See Sentiment Dominates](https://imgqn.smm.cn/usercenter/QmrGh20251217171725.jpg)
![Futures and spot prices strengthen in tandem, but demand-side concerns linger. Weakening prices outside China are driving a continuous recovery of the price spread between Chinese and overseas markets [ADC12 Price Daily Review]](https://imgqn.smm.cn/usercenter/aNMzb20251217171724.jpg)
