Supply might exceed demand again in global manganese ore market

摘要

Manganese ore prices have been moving in opposite directions in the globalmarket this month. Those at China’s ports have been largely unchanged fromRMB 52?54/dmtu ($6.62?6.8/dmtu) EXW due to low end user activity. The world’sbiggest suppliers have found no consensus at all. South32 has kept Septemberprices at the August level of $6.5/dmtu for Australian lumps (45.5 Mn). Pricesare CIF China unless otherwise stated. Eramet Comilog has raised offers ofGabonese lumps by a mere $0.05/dmtu to $6.05/dmtu. Meanwhile, South Africa’sUMK, after putting September prices down in July, has raised Octoberquotes from $4.85/dmtu to $5.15/dmtu this month, so they are now close to theaverage global levels.