Chinese seaborne manganese ore prices soften on depreciation of yuan
Chinese seaborne manganese ore prices fell during the week to Friday September 8, following significant depreciation of the Chinese yuan against the US dollar, which added to buyer-side cost pressures, sources said.
Meanwhile, portside prices of manganese ore increased on active bookings from smelters and amid improved sentiment after Chinese government stimulus policies added to liquidity in the country’s property market.
