The increase marked the second consecutive week of rising prices.
Fastmarkets’ manganese ore index, 37% Mn, cif Tianjin
, was $4.32 per dry metric tonne unit (dmtu) on September 11, up by 10 cents, or 2.4%, from $4.22 per dmtu on September 4.
The corresponding manganese ore index, 37% Mn, fob Port Elizabeth
, South Africa, meanwhile, climbed by 12 cents, or 3.4%, to $3.61 per dmtu on the same day, from $3.49 per dmtu in the prior week.
Some miners producing low-grade manganese ore made offers for either October or November shipments last week and managed to conclude deals at the offer prices thanks to decent buying appetite, according to market participants.
“Some alloy smelters placed orders for volumes of seaborne...