Manganese ore prices surge amid quarantine in South Africa

摘要

Manganese ore quotes have come up on speculations because of the stoppage of mining and production in South Africa. In mid-August, South Africa has extended the quarantine until the end of April, accelerating the price increase significantly. The quotes have come up in the Chinese market by 40-50 to $7-7.5/dmtu, with those of import material climbing by 30-35 to $5?5.5/dmtu. The increase is based only on speculations as there is no shortage. The prices will be sliding in almost all segments in the future because of global economy slowdown and minimal business activity