Fall in China portside manganese ore prices slows as buying interest grows

Portside manganese ore prices in China began to fall more slowly in the week to Friday July 10, with some ore traders becoming resistant to lower offers because of increased inquiries from alloy smelters, market participants have told Fastmarkets.

Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 36.30 yuan per dry metric tonne unit (dmtu) on July 10. This was equivalent to $4.40 per dmtu excluding value-added tax and port handling fees, and was down by 0.50 yuan per dmtu from 36.80 yuan per dmtu a week before.

Fastmarkets’ corresponding high-grade manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China, was calculated at 39 yuan per dmtu on the same day. This was equivalent to $4.71 per dmtu excluding VAT and port handling...

Published

Amy Lv

July 13, 2020

13:55 GMT

Shanghai