Seaborne manganese ore prices underpinned by strengthening portside ore, alloy markets

Seaborne prices for both low- and high-grade manganese ore in China registered their first gains since October in the week to Friday December 4, against a backdrop of strengthening portside ore and alloy markets, sources told Fastmarkets.

Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose by 6 cents (1.6%) week on week to $3.77 per dry metric tonne unit (dmtu) on Friday from $3.71 per dmtu previously.
The corresponding manganese ore index 37% Mn, fob Port Elizabeth increased by 8 cents (2.7%) week on week to $3.08 per dmtu on the same day from $3 per dmtu previously.
Meanwhile, Fastmarkets' manganese ore index 44% Mn, cif Tianjin climbed by 12 cents (3%) week on week to $4.17 per dmtu on Friday, from $4.05 per dmtu.
Some miners made flat offers for January shipments last week and were heard to have successfully sold out volumes after overall sentiment in China was buoyed by rising futures alloy prices.

"Offers [for January shipments] are higher than expected, but given that they are not more expensive than...

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