The low-grade seaborne manganese ore price in China rocketed by 32.1% week on week on Friday April 24 after some buyers accepted the first offer made since South Africa went into lockdown on March 26.
Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by $1.65 to $6.79 per per dry metric tonne unit (dmtu) on Friday, hitting a new high since November 23, 2018, when the index was $6.84 per dmtu.Several Chinese ore traders and alloy smelters placed orders for material for June or July. Additionally, some traders built positions in expectation of increased demand in...