Chinese portside prices of both high- and low-grade manganese ore fell for the fourth straight week on Friday March 6, but the pace of the downtrend slowed after some traders resisted slashing offer prices further.
Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 33.70 yuan ($4.86) per dry metric tonne unit (dmtu) (equivalent to $4.10 per dmtu, excluding value-added tax and port handling fees) on March 6, down by 0.70 yuan per dmtu week on week. This compares with a week-on-week drop of 1.20 yuan per dmtu on February 28.The corresponding high-grade manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin, China fell to 36.10 yuan per dmtu (equivalent to $4.41 per dmtu, excluding VAT and port handling fees) on the same...