Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
was at $4.07 per dry metric tonne unit (dmtu) on August 28, down by 1 cent (0.2%) from $4.08 per dmtu on August 21.
Fastmarkets' corresponding manganese ore index 37% Mn, fob Port Elizabeth
nudged up to $3.34 per dmtu on August 28, from $3.33 per dmtu a week earlier, as a result of a fall in the freight rate.
Fastmarkets’ manganese ore index 44% Mn, cif Tianjin
was calculated at $4.24 per dmtu on August 28, up by 3 cents (0.7%) from $4.21 per dmtu a week earlier after volumes of high-grade cargoes were successfully concluded at higher-than-expected levels.
The seaborne market remained relatively quiet, with many major miners yet to make offers for October shipments. Many market participants took a wait-and-see approach as a result.