It is reported that Assmang Limited has settled a monthly fixed price agreement with Chinese users and the November offer is accepted by the majority in the Chinese market.
AS per repot, the current manganese ore price stands at USD 6 per tonne, which is lower than the Australian offer USD 6.5 per tonne.
Meanwhile BHP Billiton had introduced Japan the same type of price agreement, which has started in October.
However, BHP Billiton has encouraged China to use floating price depending on the market, and has already offered the price for October.
Source: Steel Guru
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