Manganese ore prices have been falling since February amid lower demand and rising stocks, exacerbated by the outbreak.
Fastmarkets’ manganese ore index, 37% Mn, cif Tianjin
was calculated at $4.11 per dry metric tonne unit (dmtu) on Friday March 6, down 21 cents per dmtu week on week.
Manganese alloy smelters in China are warning that due to slumping sales of their own product, they will have difficulty raising enough cash to put down deposits on cargoes of fresh ore.
This means smelters will either be unable to buy...