Lower offers sparked some buying interest and led to improved liquidity in the past week as a result, sources said.
Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
dropped by 4 cents, or 1%, week on week to $3.84 per dry metric tonne unit (dmtu) on Friday November 6. The index has been on the decline for eight consecutive weeks and has registered a fall of 11.1% over the period.
Fastmarkets’ manganese ore index 37% Mn, fob Port Elizabeth
dipped for the sixth consecutive week by 5 cents, or 1.6%, week on week to $3.17 per dmtu on November 6.
Some Chinese buyers placed orders for seaborne low-grade ore volumes, although for different reasons, with some trying to average out their...