China portside manganese ore prices underpinned by higher offers, strengthening seaborne market

Portside prices for both low- and high-grade manganese ore in China rose in the week to Friday August 7, snapping a run of six consecutive weekly declines, after traders raised their offer prices in response to strength in the seaborne market.

Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was at 35 yuan ($5.02) per dry metric tonne unit (dmtu) on August 7 - equivalent to $4.32 per dmtu excluding value-added tax and port handling fees and up by 0.6 yuan from 34.40 yuan per dmtu a week earlier.
Fastmarkets’ manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China was calculated at 37.50 yuan per dmtu on the same day - equivalent to $4.61 per dmtu excluding VAT and port handling fees and also up by 0.60 yuan from 36.90 yuan per dmtu in the prior week.

The increases in the seaborne market,...

Published

Amy Lv

August 11, 2020

06:44 GMT

Shanghai