Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
fell by 1 cent (0.3%), week on week to $3.71 per dry metric tonne unit (dmtu) on Friday.
The manganese ore index 44% Mn, cif Tianjin
also dropped by 1 cent (0.2%) week on week to $4.05 per dmtu on the same day.
Meanwhile, Fastmarkets’ manganese ore index 37% Mn, fob Port Elizabeth
slid by 4 cents (1.3%) week on week to $3.00 per dmtu on the same day.
Suppliers credited the slowdown in the price decline to healthy interest, with buyers seeing prices as being close to the bottom.
“We have had inquiries for huge volumes for January shipments,” a producer said. “Inquiries are going through the roof, with buyers wanting to capitalize on the current prices because they view this as close to the bottom of the market.”