Rising South African manganese exports over the past month have been driven by semi-carbonate ore sales to traders, leading to a build-up of low-grade stocks in China even while high-grade inventories have been drawn down.
Prices for low- and high-grade manganese prices in China have diverged in recent weeks, with market sources suggesting that this disparity has been maintained by traders buying smaller lots of low-grade material in order to sustain relations with exporters.Fastmarket's manganese ore index 37% Mn, cif Tianjin,...