China portside manganese ore prices stall on slower buying interest

Portside prices for both low- and high-grade manganese ore in China changed little over the week ended Friday September 11, with some alloy smelters retreating from the market after restocking to meet prompt production needs in the previous two weeks, market sources have told Fastmarkets.

Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 35.70 yuan ($5.24) per dry metric tonne unit (dmtu) on September 11, flat week on week. This figure was equivalent to $4.50 per dmtu excluding value-added tax and port handling fees.
The corresponding manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China, was calculated at 38.30 yuan per dmtu on September 11. This was equivalent to $4.81 per dmtu excluding VAT and port handling fees, and was up by only 0.10 yuan per dmtu from 38.20 yuan per dmtu in the previous week.

Some Chinese ore traders continued to raise their offer prices at the...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue