Low-grade manganese ore markets show increase in liquidity

September 22, 2021 / www.metalbulletin.com / Article Link

Manganese semi-carbonate prices have risen in the past week on renewed liquidity, although inventories continued to weigh heavily on the market, limiting any potential gains.

Fastmarkets' latest calculation of the manganese ore index, 37% Mn, cif Tianjin, was $4.56 per dry metric tonne unit (dmtu) on Friday September 17, up by 8 cents per dmtu (1.79%) from $4.48 per dmtu the previous week.
Fresh liquidity was reported after buyers in China accepted miners' offers, which remained above the portside price levels.
Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, edged down by 0.10 yuan per dmtu to 34.30 yuan ($5.29) per dmtu on Friday, from 34.40 yuan per dmtu the previous week. This would be equivalent to $4.55 per dmtu excluding value-added tax and port handling fees.

"The prices buyers would want are $4.40 or $4.45 [per dmtu]," a manganese ore buyer said, who also admitted that this was unlikely given...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok