Chinese portside manganese ore prices likely to fall further despite post-holiday restocking, sources say

Portside prices for high-grade and low-grade manganese ore in China are likely to decline this week despite an expected uptick in demand from domestic alloy smelters looking to restock following the country’s week-long National Day holiday (October 1-7), market sources told Fastmarkets.

Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin China was rolled over at 41.50 yuan per dmtu (equivalent to $5.01 per dmtu, excluding value-added tax and port handling fees) on Friday October 4, a public holiday in China, in line with Fastmarkets’ pricing methodology. On the same say, the manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin China was also rolled over at 43.20 yuan per dmtu (equivalent to $5.20 per dmtu, excluding VAT and port...

Published

Amy Lv

October 10, 2019

06:28 GMT

Shanghai