Low-grade manganese ore prices soar on lowered January volumes

The seaborne price of low-grade manganese ore in China jumped during the week ended Friday December 6, after some Chinese buyers accepted higher-than-expected offers for limited volumes of material.

Fastmarkets’ manganese ore index, 37% Mn, cif Tianjin, climbed by 40 cents week-on-week to $3.70 per dry metric tonne unit (dmtu) on December 6.
Meanwhile, Fastmarkets’ index for manganese ore, 37% Mn, fob Port Elizabeth, rose by 28 cents week-on-week to $2.99 per dmtu.
Some producers cut their sales volumes for January delivery, which sparked concern among buyers that they would not be able to buy relatively low priced ore.

Some of the Chinese alloy smelters that had failed to secure seaborne low-grade manganese ore at $3.25-3.50 per dmtu were particularly willing to place orders, according to market...


Jon Stibbs

Amy Lv

December 09, 2019

16:47 GMT

London, Shanghai