Manganese ore prices hit 18-month low

Manganese ore prices hit an 18-month low on Friday May 24, declining for the fourth consecutive week amid increasingly bearish sentiment in China.

Fastmarkets’ 37% manganese ore index, fob Port Elizabeth dropped 16 cents week on week to $4.90 per dry metric tonne unit (dmtu), the lowest since December 1, 2017, when it settled at $4.43 per dmtu. Fastmarkets’ 37% manganese ore index, cif Tianjin fell to its lowest level since its launch in early 2018, down 15 cents to $5.60 per dmtu. Fastmarkets’ 44% manganese ore index hit its lowest price since...

Published

Janie Davies

May 24, 2019

16:34 GMT

London