Aluminum price doesn't help manganese. Why didn't the poster mention that S32 manganese price has gone down?
Column 1 0 South32 Submits Mn Ore Price as November Shipment at Cut Price 1 = Price of lump ore of Australian origin is US$4.58 and price of fine ore with Mn being 48% is US$4.45 =[/B] 2 According to the local news report in China, South32, a subsidiary of BHP Limited (BHPB) this time offered manganese ore as November 2019 shipment meant for China at a drastically cut price from the final price for October shipment.The price of Australian manganese ore lump with Mn being 45.5% (GEMCO grade) is US$4.58/dmtu per 1% of Mn, down by US$0.83/dmtu from October shipment (Final) and the price of fine ore with Mn being 48% is US$4.45/dmtu, down by US$0.75/dmtu ditto.The market participants provide such reasons for a price cut as (1) Port stock of imported manganese ore in China rises above 4.4 million tons, (2) Price of silico manganese comes down and (3) Other mine company lowered the price of manganese ore as November shipment.
OMH a strong BUY, page-77
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