Overseas Mn ore offers: South32 August offers for 45.5% Australian lump ore

On December 1, ports in north China: Australian ore 45-46 yuan/mtu, South African manganese semicarbonate ore 34-35 yuan/mtu, Gabonese ore 41-42 yuan/mtu, Brazilian ore 42-43 yuan/mtu, South African high-iron manganese ore 34-35 yuan/mtu; ports in south China: Australian ore 47-48 yuan/mtu, South African manganese semicarbonate ore 37-39 yuan/mtu, Gabonese ore 43-44 yuan/mtu, Brazilian ore 43-44 yuan/mtu, South African high-iron ore 35-36 yuan/mtu.

South Africa’s national power company Eskom said on October 23 that it would cut the power supply by 2,000 megawatts due to the failure of the generator sets of its six power plants. The power curtailment continued until Oct 25.

LME base metals closed mixed in the overnight trading last Friday, as the expanding inflation and rising US dollar weighed on the market, but short supply still supported the prices. SHFE metals basically went down.

LME and SHFE non ferrous metals all declined in yesterday’s overnight trading as Fed officials implied to raise interest rates in advance and increased the excess reserve ratio.

Spot aluminium trading in east China turned more active than the previous day

South Korean steelmaker POSCO kicked off its September tender for manganese on Wednesday

Brisk spot transactions drove up premiums of imported copper over LME copper prices as of Aug 15

Spot copper was mostly offered at a premium of 40-70 yuan/mt over the SHFE 1808 contract in Shanghai on Monday Aug 13

Spot aluminium trading in east China was thin on Monday despite the tumble in prices

Less than 10,000 mt of alumina is estimated to be affected as Tianyuan Chemicals began maintenance on its production lines