Portside prices for both low- and high-grade manganese ore in China continued to fall in the week to Friday September 25, after ore traders cut their offer prices further in response to disappointing pre-holiday restocking activity among alloy smelters, market sources told Fastmarkets.
Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, was 34.20 yuan ($5.01) per dry metric tonne unit (dmtu) on September 25. This figure was equivalent to $4.30 per dmtu excluding value-added tax and port handling fees, and was down by 1.0 yuan per dmtu from 35.20 yuan per dmtu in the preceding week.The restocking...