Downward pressure continues for low-grade manganese ore due to heavy stocks

Seaborne manganese ore markets were quiet during the week to Friday July 23, with low-grade manganese ore prices remaining under pressure from heavy stocks of South African material in Chinese ports.

Fastmarkets’ calculation of the manganese ore index, 37% Mn, cif Tianjin edged down by 7 cents per dry metric tonne unit (dmtu) to $4.58 per dmtu on Friday from $4.65 per dmtu on July 16.
The index for manganese ore 37% Mn, fob Port Elizabeth was calculated at $3.04 per dmtu on the same day, down from $3.10 per dmtu the preceding week.
Despite the riots in KwaZulu-Natal province in South Africa and related effects on logistics from other regions, Chinese buyers are reportedly confident about being able to source semi-carbonate manganese ore at ports.
“A week’s supply disruption isn’t enough to shift this market” a seller told Fastmarkets.

Fastmarkets assessed...

Published

William Clarke

Siyi Liu

July 26, 2021

14:59 GMT

London, Shanghai