As per sources, Tshipi and South Africa-based UMK have both reduced semi-carbonate manganese ore offers for Mn 36.5% and Mn 36% respectively by $4.70/dmtu CNF China for Aug’21 shipments – down by $0.20/dmtu compared with July shipments. The reasons behind the reduction in prices are:
- Some participants predict slower crude steel production in Jul and Aug.
- South African manganese ore production and shipments are regaining momentum.
- Miners expect dull demand for medium- and low-grade ore in the coming months.
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