Seaborne manganese ore prices rise again but at slower rate

The seaborne prices of both low and high-grade manganese ore rose but at a slower rate in the week to Friday January 15 following weakness emerging in the portside market, sources said.

Fastmarkets' manganese ore index 37% Mn, cif Tianjin climbed up by 5 cents or 1.1% week on week to $4.58 per dry metric tonne unit (dmtu) on Friday from $4.53 per dmtu the previous week.
Fastmarkets' manganese ore index 37% Mn, fob Port Elizabeth edged down by 2 cents or 0.5% to $3.78 per dmtu on Friday from $3.80 per dmtu on January 8.
Fastmarkets' manganese ore index 44% Mn, cif Tianjin rose by 7 cents or 1.4% week on week to $4.96 per dmtu on Friday, up from $4.89 per dmtu the week before.
Liquidity was significantly lower week on week following a high volume of transactions and surge in prices in the previous session, which led prices to jump as much as 14% in a week.

"Plants have restocked now after the excitement of last week, while portside...

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years