Fastmarkets’ manganese ore index, 37% Mn, cif Tianjin
was calculated at $4.49 per dmtu on Friday April 9, down by 2.6% or $0.12 from $4.61 per dmtu on Tuesday April 6.
Fastmarkets’ corresponding index for manganese ore 37% Mn, fob Port Elizabeth
moved down by $0.06 to $3.35 per dmtu on the same day, falling from $3.41 per dmtu on April 6.
Fastmarkets’ index for manganese ore 44% Mn, cif Tianjin
was $5.05 per dmtu on Friday, down by $0.22 (4.2%) from $5.27 per dmtu on April 6.
The pricing session - running from Wednesday April 7 to Friday April 9 - was shortened because of the Easter holiday, which lead to limited offers and purchases, Fastmarkets understands.
As a result, liquidity was low for both grades of material but a wide bid/offer spread developed, sources said.
“Expectations around prices...