Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
dropped 6 cents week on week to $4.62 per dry metric tonne unit (dmtu) on February 5.
Fastmarkets' manganese ore 44% Mn, cif Tianjin
edged up 2 cents to $5.07 per dmtu, its 10th consecutive weekly increase.
Sentiment was slightly better among high grade ore market participants but sellers of both grades have been struggling with liquidity.
Severe rain in South Africa has triggered a series of force majeure
declarations from miners UMK
on some manganese shipments, along with two from state transportation provider Transnet for rail lines and its Richards Bay Terminal.
In addition to disrupting mine work, the rains have washed away some rail lines, damaged some roads and left other areas underwater.