Seaborne manganese ore markets were quiet during the week to Friday July 23, with low-grade manganese ore prices remaining under pressure from heavy stocks of South African material in Chinese ports.
Fastmarkets' calculation of the
manganese ore index, 37% Mn, cif Tianjin edged down by 7 cents per dry metric tonne unit (dmtu) to $4.58 per dmtu on Friday from $4.65 per dmtu on July 16.
The index for
manganese ore 37% Mn, fob Port Elizabeth was calculated at $3.04 per dmtu on the same day, down from $3.10 per dmtu the preceding week.
Despite the riots in KwaZulu-Natal province in South Africa and relatedeffects on logistics from other regions,
Chinese buyers are reportedly confident about being able to source semi-carbonate manganese ore at ports.
"A week's supply disruption isn't enough to shift this market" a seller told Fastmarkets.
Fastmarkets assessed...