Returning buying interest slows falls in China portside manganese ore market

The active restocking activities among alloy smelters helped slow the falls in portside prices for both low- and high-grade manganese ore in China in the week to Friday August 28, market sources told Fastmarkets.

Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 35.30 yuan ($5.14) per dry metric tonne unit (dmtu) on August 28 - equivalent to $4.40 per dmtu excluding value-added tax and port handling fees - and was down by 0.20 yuan from 35.50 yuan per dmtu in the previous week.
Fastmarkets’ manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China was calculated at 37.80 yuan ($5.51) per dmtu on the same day. This was equivalent to $4.69 per dmtu excluding VAT and port handling fees, and also down by 0.20 yuan from 38 yuan per dmtu a week earlier.

A large number of alloy smelters re-entered the market for stockpiling last week to...

Published

Amy Lv

August 31, 2020

14:50 GMT

Shanghai