Low-grade market nudges downward
Fastmarkets’ manganese ore index 37% Mn, cif Tianjin was at $4.51 per dry metric tonne unit (dmtu) on Friday December 24, down by $0.02 per dmtu (0.44%) from $4.53 per dmtu a week earlier.
There was little activity, while some buyers showed increased interest for seaborne prices to fall given the expected rising supply from January onward.
“I expect increased shipments from South Africa will mean the rate of the fall in inventories will slow,” a South African producer said.
Fastmarkets’ weekly assessment of manganese ore inventories at the main Chinese ports of Tianjin...
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