Manganese ore quotes to drop by end-2020 amid expected demand slowdown and steady supply

摘要

All big merchants have raised October manganese ore quotes by 13 (some $0.5/dmtu) month-on-month amid firm demand in China, resulting from high steel output (94.85 million t in August, which is another monthly record). However, it has become clear by late September that the output will neither be raised nor kept up, so the merchants have mostly stabilized November prices, with UMK reducing those for the material (36 Mn) by 3.8.