The seaborne manganese ore price of low-grade material ticked up for the first time since August 30. Trading was light, however, and oversupply continued.
The increase in the index for low-grade fob material also rose in response to falling freight rates. Freight rates are subtracted from the cif price to calculate fob data at times of low liquidity.
The high-grade seaborne manganese ore price softened slightly amid relatively limited trading activity in comparison to the high volumes sold last week.
Portside manganese ore prices of...