Seaborne manganese ore prices for both grades in China nudged down in the week ended Friday November 29 after buying sentiment was dented by falling port-side ore prices and the continued rise in port-side inventories.
Spot liquidity was light last week in advance of miners making their offers for January cargoes.The 37% fob index is calculated with specific fob data, when it is available, and subtracting the freight rate from the cif price. The cif market is considerably more liquid than its fob...