China portside manganese ore prices underpinned by higher offers, strengthening seaborne market

Portside prices for both low- and high-grade manganese ore in China rose in the week to Friday August 7, snapping a run of six consecutive weekly declines, after traders raised their offer prices in response to strength in the seaborne market.

Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was at 35 yuan ($5.02) per dry metric tonne unit (dmtu) on August 7 - equivalent to $4.32 per dmtu excluding value-added tax and port handling fees and up by 0.6 yuan from 34.40 yuan per dmtu a week earlier.
Fastmarkets' manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China was calculated at 37.50 yuan per dmtu on the same day - equivalent to $4.61 per dmtu excluding VAT and port handling fees and also up by 0.60 yuan from 36.90 yuan per dmtu in the prior week.

The increases in the seaborne market,...

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