Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China
was 30.60 yuan ($4.63) per dry metric tonne unit (dmtu) on Friday, flat week on week. This figure is equivalent to $3.96 per dmtu excluding value-added tax and port handling fees.
The corresponding manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China
was 33.60 yuan per dmtu on the same day, up by 0.40 yuan per dmtu from 33.20 yuan per dmtu in the preceding week. The latest calculation is equivalent to $4.34 per dmtu excluding VAT and port handling fees.
Many domestic alloy smelters returned to the market to purchase ore cargoes on expectations that portside prices will struggle to fall significantly lower and having found a general direction for acceptable ore prices from the first round of bids for November-delivery silico-manganese from Hebei...