Manganese ore market fears bearish outcome of coronavirus

The seaborne prices for both high and low-grade manganese ore in China ticked down in the week to Friday January 31 in response to weakening sentiment amid the worsening coronavirus outbreak.

Fastmarkets’ manganese ore index 37% Mn, cif Tianjin declined by 2 cents per dry metric tonne unit (dmtu) or 0.5% week on week to $4.27 per dmtu on January 31.
Fastmarkets’ manganese ore 37% Mn, fob Port Elizabeth index moved down by 3 cents or 0.8% to $3.56 per dmtu from the week before.
Fastmarkets’ index for manganese ore 44% Mn, cif Tianjin nudged down by 1 cent per dmtu week on week to $4.30 per dmtu on the same day.

The liquidity was extremely light, however, because many Chinese participants were absent from the market due...


Jon Stibbs

Amy Lv

February 03, 2020

17:48 GMT

London, Shanghai