Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
fell by 15 cents per dry metric tonne unit (dmtu) to $3.35 per dmtu on Friday, setting a new low since Fastmarkets launched the price in February 2018.
The manganese ore index 37% Mn, fob Port Elizabeth
also dropped by 15 cents week on week to $2.55 per dmtu on the same day.
Ore traders restocked seaborne cargoes to take advantage of the low prices, according to market participants, with the increased market activity lending some support to the indices.
“Although it’s likely that the price will continue to slide in the coming weeks, the move...