China portside manganese ore prices maintain uptrend despite thin trading

Portside prices of both low and high-grade manganese ore in China made further rises in the week to Tuesday December 29 on an evident increase in offer prices amid persistently strengthening silico-manganese markets, sources told Fastmarkets.

Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 34.40 yuan ($5.26) per dmtu on December 29, up by 2.10 yuan per dry metric tonne unit (dmtu) from 32.30 yuan per dmtu - equivalent to $4.51 per dmtu excluding value-added tax and port handling fees.
Fastmarkets’ manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China was 37.50 yuan per dmtu on the same day, up by 1.90 yuan per dmtu from 35.60 yuan per dmtu on December 18. The latest figure is equivalent to $4.90 per dmtu excluding VAT and port handling fees.
Both indices were published on December 29 in line with Fastmarkets’ pricing methodology because December 25 and December 28 were both public holidays in England in 2020.

Persistent upward momentum in the Chinese domestic silico-manganese market encouraged ore traders to raise...

Published

Amy Lv

December 29, 2020

16:30 GMT

Shanghai