Chinese demand for smaller parcels
Markets look vulnerable to further losses
Less liquid trading creates wider international price ranges
Manganese ore prices fell this week on lower assessments from most Chinese buyers, who opted to either buy smaller-sized parcels from port inventories, or buy only on a ‘need-to’ basis to lessen costs.
The 44% manganese ore index fell 4.13% week on week to $8.13 per dry metric tonne unit (dmtu) cif Tianjin on Friday April 13, from $8.48 per dmtu last week.
Metal Bulletin’s 37% manganese ore index slipped 2.3% from last week to $7.21 per dmtu, fob Port Elizabeth, from $7.38 per dmtu the week prior.
As for Metal Bulletin’s 37% manganese ore index, on a cif China basis, it dropped 2.11% to $7.89 per dmtu, versus $8.06 per dmtu last week.
For manganese concentrates of 37% on a cif China basis, a producer was reported offering $8.25 per...