Steel Guru discusses highlights of a recent TEX Report showing that the price of manganese ore for shipment to China in February has been settled between major manganese mines and main consumers in China.
The report is quoted as saying:
Consequently, the price of manganese ore for China has remained unchanged for the successive 4 months.
Therefore, the price of medium grade lumpy manganese ore with Mn 44%, which is a typical grade ore for China, is USD 6.5 per Mn 1% CIF China for February 2011 shipment. The circumstances surrounding manganese ore to import into China have weakened.