Liquidity thinned in the seaborne market following a flurry of sales for December-delivery cargoes
in the previous week.
Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
dropped by 1 cent, or 0.3%, week on week to $3.83 per dry metric tonne unit (dmtu) on Friday. The index has been on the decline for nine consecutive weeks and has registered a fall of 11.3% over the period.
Fastmarkets’ manganese ore index 37% Mn, fob Port Elizabeth
dipped for the fifth consecutive week by 1 cent, or 0.3%, week on week to $3.16 per dmtu on November 13.
Fastmarkets’ manganese ore index 44% Mn, cif Tianjin
fell by 4 cents, or 1.0%, week on week to $4.13 per dmtu on the same day. The index has slipped for six straight weeks by 6.1% over that time.