Seaborne manganese ore prices hit 10-week highs on continued strength in portside ore, alloy markets

Seaborne prices of both low- and high-grade manganese ore in China continued to find support from persistent strength in the portside ore and alloy markets in the latest pricing period ended Tuesday December 29, despite the absence of some participants due to the Christmas holidays.

Fastmarkets’ manganese ore index 37% Mn, cif Tianjin rose 18 cents (4.6%) week on week to $4.12 per dry metric tonne unit (dmtu) on Tuesday from $3.94 per dmtu on December 18. The index has risen by 35 cents (9.3%) since December 4, when it was at $3.77 per dmtu.
Fastmarkets’ manganese ore index 37% Mn, fob Port Elizabeth increased by 17 cents (5.2%) to $3.44 per dmtu on Tuesday from $3.27 per dmtu on December 18. The index has increased by 36 cents (11.7%) since it stood at $3.08 per dmtu on December 4.

Fastmarkets’ manganese ore index 44% Mn, cif Tianjin moved up by 6 cents (1.4%) to $4.27 per dmtu on Tuesday from $4.21 per dmtu on December 18. The index has posted a rise of 10 cents (2.4%) since December 4, when it was at $4.17...

Published

Amy Lv

December 30, 2020

08:02 GMT

Shanghai