Yuan depreciation weakens support for higher-grade manganese ore

Buying sentiment for higher-grade manganese ore in China weakened in the week ended Friday May 13 in response to the depreciation of the yuan against the US dollar, which drove up import costs.

Fastmarkets’ manganese ore index, 44% Mn, cif Tianjin was calculated at $7.55 per dry metric tonne unit (dmtu) on May 13, a fall of 22 cents (2.83%) from $7.77 per...

Published

Jon Stibbs

Siyi Liu

May 16, 2022

21:06 GMT

Shanghai, London