Seaborne prices for both low- and high-grade manganese ore in China edged down in the week to Friday September 18 due to weakening sentiment caused by falling portside ore and futures alloy prices.
Fastmarkets'
manganese ore index, 37% Mn, cif Tianjin was $4.29 per dry metric tonne unit (dmtu) on September 18, down by 3 cents, or 0.7%, from $4.32 per dmtu a week ago.
The corresponding
manganese ore index, 37% Mn, fob Port Elizabeth dropped by 4 cents, or 1.1%, to $3.57 per dmtu on the same day, from $3.61 per dmtu a week before.
Fastmarkets'
manganese ore index, 44% Mn, cif Tianjin was $4.38 per dmtu on September 18, down by 2 cents, or 0.5% from $4.40 per dmtu in the previous week.
Some ore suppliers cut their offer prices amid weakening sentiment in China, although others managed to achieve deals at higher-than-expected prices, according to market sources.
"There is no doubt...