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Platts reported that import demand for manganese ore in China is at a standstill this week as buyers look at prices below $4/mtu on a cost, insurance and freight (CIF) basis, likely due to a weak ferroalloys market and the upcoming Lunar New Year holiday.
Platts reported that import demand for manganese ore in China is at a standstill this week as buyers look at prices below $4/mtu on a cost, insurance and freight (CIF) basis, likely due to a weak ferroalloys market and the upcoming Lunar New Year holiday.
As quoted in the market news:
BHP offers of 44% grade lumps were heard rangebound at $4.05-4.10/mtu CIF China Friday for February shipments, unchanged from last week but down from its initial offer of $4.25/mtu early last month, Chinese sources said.
The producer’s spot materials ex-Tianjin port were pegged Friday at around Yuan 32/mtu ($5.20) for 44% grade and at Yuan 32.50-33/mtu for 45-46% grade, sources said.
Eramet was quoted a stable $3.90-4.05/mtu CIF China Friday, with port prices for its 44% lumps ex-Tianjin offered at around Yuan 31/mtu for lumps and Yuan 29.50/mtu for fines.
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