The spot prices of manganese ore at the Chinese ports of Tianjin and Qinzhou have been diverging between Australian-origin and South African-origin since the start of August.
Australian lump fot prices are now around 62 yuan ($9.07) per metric tonne unit in Tianjin port, the country's major manganese ore trading hub, according to sources in China. This equates to about $7.70 per mtu. Meanwhile fot prices of South African lump are at 52-53 yuan per mtu in Tianjin port, which equates to about $6.50 per mtu. The price difference between the two grades is also about 10 yuan per mtu.This compares to fot prices for Australian ore at 53-54 yuan per mtu in July versus South...