Portside manganese ore prices bounce back after one-month slip

Manganese ore prices at China's Tianjin port rebounded during the week to Friday August 20, supported by elevated costs and a drop in stocks after many suppliers destocked in recent weeks.

Fastmarkets calculated the manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China at 34 yuan ($5.22) per dry metric tonne unit (dmtu) on Friday, up by 0.70 yuan, or 2.1%, from 33.30 yuan per dmtu the previous week.
The corresponding manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China edged up by 0.20 yuan to 39.40 yuan per dmtu on the same day, from 39.20 yuan per dmtu a week earlier.
This is the first upward move for both indices in more than a month. The fot 37% index lost 3% since July 9, while the fot 44% index dropped 2.73% since July 16.

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