Australia: South32 first global manganese ore miner to raise offers for April

Major manganese miner South32 raised its manganese ore (Mn 45%) offers by $1.8/dmtu (dry metric tonne per unit), m-o-m, to USD 8.2/dmtu CIF China. Prices were hiked amidst the rapidly declining manganese ore port stocks in China and high domestic prices. South32 has offered only a limited volume which is expected to be sold out soon as Chinese traders start restocking.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *