Manganese ore prices to China fall further on lower Aug offers, weak sentiment

摘要

Prices for manganese ores delivered to China fell further in the week to July 3, as offers for August shipments plunged amid prevailing weak market sentiment. The S&P Global Platts weekly assessment for 44% manganese lumps closed at $4.50/dmtu CIF Tianjin on July 3, down from $5.15/dmtu CIF on June 26, while 37% grade lumps stood at $4.15/mt CIF, down from a previous $4.75/dmtu CIF. Australian 45% lumps for August shipment were heard quoted at $4.61-$4.65/ dmtu CIF China this week, down from levels last heard at $5.33/dmtu for July shipments. Offers for Australian 46% fines were also heard lower at $4.37/dmtu for August cargoes, down from $5.04/dmtu for July, sources said.