Prices continued to be driven by rising freight costs as well as currency fluctuations and concerns about lower South African exports in the coming months.
Fastmarkets’ 44% cif Tianjin, manganese ore index
moved up by 37 cents per dry metric tonne unit (dmtu) to $5.50 per dmtu on Friday, from $5.13 per dmtu previously.
Fastmarkets’ 37% cif Tianjin, manganese ore index
rose by 17 cents to $4.94 per dmtu on Friday, from $4.77 per dmtu a week earlier.
Fastmarkets’ 37% manganese ore index, fob Port Elizabeth
increased by 14 cents to $3.69 per dmtu on Friday, from $3.55 per dmtu previously.
There were reports of buyers preferring to purchase material that would arrive relatively quickly, rather than being subject to longer shipping times, suggesting a need for more prompt material.
Still, bearish sentiment remained among buyers due to planned production...