South32 reduces manganese ore offers marginally for June shipments

South32 has started offering manganese ore for Jun’22 shipments for the first time since the devaluation of the Chinese currency. The miner has cut Australian block (Mn45%) offers by $0.55/t dmtu to $8/t dmtu and South African block (Mn 37%) offers by $0.55/dmtu to $5/dmtu. All prices are on CIF China basis. The new offers are likely to be quickly accepted in China despite the devaluation of the yuan, sources informed.