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Prices of high- and low-grade manganese ore in China continued to trend downward last week amid aggressive offers in response to deteriorating interest from buyers who anticipate further price dips in the coming weeks.
Fastmarkets’ manganese ore index, 37% Mn, cif Tianjin tumbled by 25 cents week on week to $4.41 per dry metric tonne unit (dmtu) on October 11.
Fastmarkets’ corresponding assessment for manganese ore 37% Mn, fob Port Elizabeth dropped by 27 cents week on week to $3.59 per dmtu.
The same day, Fastmarkets’ price for manganese ore 44% Mn, cif Tianjin also fell by 27 cents week on week to $4.83 per dmtu.
Oversupply in the...