Both prices are at their lowest levels since November 8, 2019, when the low- and high-grade ore stood at 31.70 yuan ($4.73) per dry metric tonne unit (dmtu) and 33.80 yuan per dmtu respectively, according to Fastmarkets’ pricing archive.
Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China
was 31.70 yuan per dmtu on Friday. This figure is equivalent to $4.05 per dmtu excluding value-added tax and port handling fees, and is down by 1.20 yuan per dmtu from 32.90 yuan per dmtu a week earlier.
The corresponding manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China was 34 yuan per dmtu on the same day. This is equivalent to $4.33 per dmtu excluding VAT and port handling fees, and is also down by 1.20 yuan per dmtu from 35.20...