Manganese ore prices continue rising on higher supplier offers

Manganese ore prices jumped on Friday January 22 after suppliers again raised their offers, largely due to steady demand and in anticipation of lower export volumes coming out of South Africa in the near term.

Fastmarkets’ manganese ore index 37% Mn, cif Tianjin rose by 15 cents (3.3%) week on week to $4.73 per dry metric tonne unit (dmtu) on Friday from $4.58 per dmtu the previous week.
Fastmarkets’ manganese ore index 37% Mn, fob Port Elizabeth climbed up by 12 cents (3.2%) to $3.90 per dmtu on Friday from $3.78 per dmtu on January 15. 
And Fastmarkets’ manganese ore index 44% Mn, cif Tianjin rose 6 cents (1.2%) week on week to $5.02 per dmtu on Friday, down from $4.96 per dmtu the week before. 
A number of market participants predicted the low-grade ore price would remain firm on tighter supplies, due to lower volumes already being offered by South African producers and the expected near-term impact of severe rains and logistical delays.

“Despite the falling portside ore prices, some...

Published

Janie Davies

Susan Zou

Siyi Liu

January 26, 2021

13:54 GMT

Shanghai, London