Low-grade manganese ore markets show increase in liquidity

Manganese semi-carbonate prices have risen in the past week on renewed liquidity, although inventories continued to weigh heavily on the market, limiting any potential gains.

Fastmarkets’ latest calculation of the manganese ore index, 37% Mn, cif Tianjin, was $4.56 per dry metric tonne unit (dmtu) on Friday September 17, up by 8 cents per dmtu (1.79%) from $4.48 per dmtu the previous week.
Fresh liquidity was reported after buyers in China accepted miners’ offers, which remained above the portside price levels.
Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, edged down by 0.10 yuan per dmtu to 34.30 yuan ($5.29) per dmtu on Friday, from 34.40 yuan per dmtu the previous week. This would be equivalent to $4.55 per dmtu excluding value-added tax and port handling fees.

“The prices buyers would want are $4.40 or $4.45 [per dmtu],” a manganese ore buyer said, who also admitted that this was unlikely given...

Published

William Clarke

Siyi Liu

September 21, 2021

18:21 GMT

London, Shanghai