Trading activity in the seaborne manganese ore market continued to berelatively active due to the lower offer prices in the week ended on Friday December 21.
China's manganese market was mostly stable this week, with prices somewhat rangebound on active trading activity, due to producers' lower offers two weeks prior.Fastmarkets' 37% manganese ore index, fob Port Elizabeth, rose by 6 cents to $5.56 per dry metric tonne unit (dmtu) on December 21.Fastmarkets' 37% manganese ore index, cif Tianjin, increased 3 cents to $6.25 per dmtu.Fastmarkets' 44% manganese ore index, cif Tianjin, inched down 2 cents to $6.89 per dmtu.Miners' previous decision to lower offers has paid off, with trades picking up this week due to new offers from various producers."The market has stabilized after last week's falls - it is even picking up slightly," a producer - who had raised his offer price since last week - said.Liquidity was low, however."We have not offered...