The price of seaborne low-grade manganese ore managed to tick upward in the latest assessment period, which ended on Friday November 15, amid a revival in buying appetites.
Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, rose by 3 cents week on week to $3.28 per dry metric tonne unit (dmtu) on November 15, the first rise recorded since late August, when the price was $5.04 per dmtu.Fastmarkets' calculation of the index for manganese ore, 37% Mn, fob Port Elizabeth, rose by 9 cents week on week to $2.61 per dmtu on the same day, in response to falling freight rates.Some Chinese alloy plants showed interest in buying seaborne low-grade cargoes after realizing that further significant dips in the price would be unlikely in the coming weeks,...