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.