Low-grade seaborne manganese ore prices rise for the first time since April

Low-grade seaborne manganese ore prices rose on Friday for the first time since April 5, supported by a rebound in Chinese port prices as well as recovering demand and sentiment across the supply chain.

Fastmarkets’ 37% manganese ore index, cif Tianjin rose to $5.30 per dry metric tonne unit (dmtu) on Friday June 28. The increase follows a stabilization of the market on June 21 after 10 consecutive weeks of decline amid deteriorating sentiment, largely due to weak alloy prices and high stocks creating the perception of oversupply. When traders in Chinese ports picked up on...

Published

Janie Davies

June 28, 2019

17:30 GMT

London

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