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...