Coronavirus-linked supply concerns drive seaborne manganese ore prices up

Seaborne prices for low- and high-grade manganese ore in China rose in the week to Friday March 20 after buying interest increased on concerns over possible supply disruptions amid the rapid spread of the novel coronavirus (2019-nCoV) in countries outside of China.

Fastmarkets’ manganese ore index 37% Mn, cif Tianjin, edged up by 1 cent per dry metric tonne unit (dmtu) or 0.3% to $3.96 per dmtu on March 20 from $3.95 per dmtu on March 13.
The corresponding index for manganese ore, 37% Mn, fob Port Elizabeth, rose by 4 cents per dmtu or 1.2% week on week to $3.34 per dmtu on the same day from $3.30 per dmtu.
Fastmarkets’ index for manganese ore 44% Mn, cif Tianjin, climbed by 3 cents or 0.7% week on week to $4.27 per dmtu on March 20 from $4.24 per dmtu previously.

The news of measures to contain the coronavirus being imposed in South Africa and Australia, the two major production hubs of manganese ore,...

Published

Jon Stibbs

Amy Lv

March 23, 2020

15:46 GMT

Shanghai, London