Spot liquidity was light last week in advance of miners making their offers for January cargoes.
Fastmarkets’ index for manganese ore, 44% Mn, cif Tianjin
edged down by 1 cent week on week to $3.73 per dry metric tonne unit (dmtu) on November 29.
Fastmarkets’ manganese ore index, 37% Mn, cif Tianjin
dropped 2 cents week on week to $3.30 per dmtu on Friday.
Meanwhile, Fastmarkets’ index for manganese ore, 37% Mn, fob Port Elizabeth
grew by 5 cents week on week to $2.71 per dmtu on the same day.
The 37% fob index is calculated with specific fob data, when it is available, and subtracting the freight rate from the cif price. The cif market is considerably more liquid than its fob...