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...

Published

Jon Stibbs

Amy Lv

February 03, 2020

17:48 GMT

London, Shanghai