Renegotiation attempts follow sharp drop in manganese ore prices

Sharp falls in manganese ore prices in recent weeks have prompted widespread requests from buyers to renegotiate prices for deals already agreed, sources told Fastmarkets.

Manganese ore prices have fallen as much as 22% in three weeks due to oversupply and high stocks, which have prompted aggressive bids from buyers.
Fastmarkets’ manganese ore index 37% Mn, cif Tianjin, dropped 10 cents to $3.25 per dry metric tonne unit (dmtu) on Friday November 8, down from $4.17 per dmtu on October 18.
Fastmarkets’ index for manganese ore 44% Mn, cif Tianjin, rose 2 cents to $3.70 per dmtu on November 8, compared with $4.52 per dmtu on October 18.

Buyers who...

Published

Janie Davies

November 12, 2019

16:30 GMT

London