Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin China
, dropped by 0.3 yuan week on week to 48 yuan ($6.99) per dry metric tonne unit (dmtu) on Friday July 12, having risen for four consecutive weeks previously.
The manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin China
, edged down by 0.10 yuan to 50.30 yuan per tonne on the same day following a month’s uptrend.
Chinese alloy smelters typically buy enough ore to cover three to seven days of operations in a falling market. But in recent weeks, many smelters built up inventory to maintain normal production for around 15-30 days...