Major manganese ore miners, UMK and Tshipi, have reduced manganese ore prices for various grades owing to low demand from the Chinese market and higher inventory at ports. UMK offered Mn36% South African block at $4.6/ dmtu CIF China, down by $0.1/dmtu m-o-m, while Tshipi reduced prices for South African block by $0.1/dmtu to $4.6/dmtu CIF China for Sept'21 shipments, as per latest reports.
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