Changes in the purchasing habits of some Chinese alloy smelters are partly to blame for the weakness in the low-grade manganese ore market, sources told Fastmarkets.
Prices for the low-grade manganese ore, also called semi-carbonate, in both seaborne and portside markets have generally trended downward since hitting year-to-date highs in late April on supply concerns after South Africa implemented stringent nationwide lockdown measures from late March to stem the spread of the Covid-19 pandemic.South African ore accounts for around 40% of China's total monthly imports...