Manganese ore prices jumped again on Friday December 22 as miners continued to raise offer prices amid a recent surge in demand, fuelled by silico-manganese futures prices in China.
Metal Bulletin’s 44% manganese ore index, cif Tianjin
rose 32 cents to $6.93 per dmtu.
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth
rose 24 cents to $5.79 per dry metric tonne unit (dmtu), equivalent to $6.54 per dmtu on a cif basis.
Concluded deals in China were reported at $7.15 per dmtu for high grade and at $6.40-6.60 per dmtu for low grade, for which sporadic offers were also reported as high as $6.75.
Counter bids for low grade have been coming in between $6.00 and $6.40 in China.
Manganese ore prices...