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The Chinese Imported Manganese Ore Transactions Are Not Satisfied
Source:www.ferroalloynet.com  Date:2009/8/28
       

The domestic imported manganese ore market remains not well. It is understood that the recent inquiry for manganese ore remains weak, and many traders said that the purchases decline after the manganese alloy price decrease.

Some manganese alloy plants told us that after the price of steel declined, the manufacturers have received few order, and the price declined obviously. the current price of Australia manganese ore 45% in the range of RMB62-63 yuan/dmtu make many manufacturers face much pressure, with little profit. Therefore, many manufacturers just wait and see the market, and feel hard to purchase manganese ore.

Many manganese ore traders told us that the current price from the foreign suppliers remains high, and also the freight fee increased. Many foreign mines not produce with full capacity, so it is still hard to import the manganese ore.

A trader in Zhanjiang Port reported that they have decreased the price of Australia manganese ore 49% from RMB70 yuan/dmtu to RMB66 yuan/dmtu, but not received many inquiries.

At present, the imported manganese ore market price has dropped slightly, but with unideal transactions.

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