Quotes for Brazilian manganese ore for August

Xiangtan Electrochemical Technology announced that its subsidiary, Jingxi Lijin New Materials Co., Ltd., has basically completed construction of the main part of its 20,000 mt/year spinel-type LMO battery material project.

Comilog offered manganese lump originating from Gabon for April delivery to China, at $5.35/mtu, up $0.55/mtu from offers for March.

South32's second round offers for semi-carbonate manganese ore, for March delivery to China, came in at $4.8/mtu, down $0.15/mtu from initial offers.

South32's initial offers for semi-carbonate manganese ore with 36.5% Mn, for March delivery to China, came in at $4.95/mtu, up $0.45/mtu from a month ago.

SHANGHAI, Sep 2 (SMM) – South32 offered South African semi-carbonate manganese ore with 36% Mn at $4.35/mtu, for October delivery to China, up $0.55/mtu month on month.

Mining company Comilog offered manganese ore originating from Gabon for July delivery, with a grade of 44.5% Mn, at $5.1/mtu for Chinese consumers, down $0.33/mtu from offers for June, SMM learned on June 10. 

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.

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

Prices of electrolytic manganese in China have surged about 2,000 yuan/mt since the market reopened after the Chinese New Year holiday

Muted trades in the spot market grew bearish sentiment about prices