Seaborne low-grade manganese ore prices rise on higher offers, sustained buying activity

Seaborne prices for low-grade manganese ore in China continued to rise in the week to Friday September 11, after deals for more volumes of October-delivery cargoes were concluded at higher prices than September shipments, sources told Fastmarkets.

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...

Published

Jon Stibbs

Amy Lv

September 14, 2020

14:54 GMT

Shanghai, London