Manganese ore prices in China fall on weak demand, high stocks

Seaborne prices for both high- and-low grade manganese ore fell in the week ended Friday February 28 amid falling portside ore and alloy prices and a weakening of sentiment.

Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, was $4.32 per dry metric tonne unit (dmtu) on Friday, down by $0.14 per dmtu or 3.1% week on week.
The corresponding index for manganese ore 37% Mn, fob Port Elizabeth, fell by $0.05 per dmtu or 1.3% week on week to $3.68 per dmtu on the same day.
And Fastmarkets' index for manganese ore 44% Mn, cif Tianjin, dipped to $4.61 per dmtu on February 28, down by $0.09 per dmtu or 1.9% week on week.

"There has been no buying interest whatsoever. Portside prices are low and there are mountains of stock...

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