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...