China portside manganese ore prices slip on poor buying interest

Portside prices for both low and high grades of manganese ore in China ticked downward in the week ended Friday September 18 after some ore traders lowered their offer prices to attract sales when the number of inquiries from domestic alloy smelters failed to meet expectations, market sources have told Fastmarkets.

Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 35.20 yuan ($5.19) per dry metric tonne unit (dmtu) on September 18. This figure was equivalent to $4.47 per dmtu excluding value-added tax and port handling fees, and was down by 0.50 yuan per dmtu from 35.70 yuan per dmtu a week before.
The corresponding manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China, was calculated at 37.60 yuan per dmtu on September 18. This was equivalent to $4.76 per dmtu excluding VAT and port handling fees, and was down by 0.70 yuan per dmtu from 38.30 yuan per dmtu in the previous week.

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