December 04, 2008

Manganese ore prices in China to go upward due to overseas monopoly

It is reported that robust demand for imported manganese ore has resulted in price surges and imported manganese ore price maintains at a high level with price for high grade ones still jumping.

45% plus Brazilian ore is mainly offered at CNY 73 per MTU, 43% to 45% Australian ore at over CNY 80 per MTU and 37% Indonesian one at CNY 44 per MTU.

Manganese ore resources from Brazil and Australia have occupied a considerable share in ocean shipping market, leading to a monopoly. China now purchases resources from the two above countries, mostly high grade ones.

(Sourced from MySteel.net)