Mn ore tags up in China, down in South Africa

摘要

The prices for low and high grades of seaborne manganese ore diverged further in the week ended Friday August 6, with extensive power restrictions across China continuing to disrupt operations at alloy smelters. Fastmarkets calculated its weekly index for manganese ore, 44% Mn, cif Tianjin at $5.37 per dry metric tonne unit (dmtu) on Friday, up from $5.14 per dmtu previously. “High-grade ore miners are using many reasons to justify their higher offers for September cargoes,” a trader said. “For instance, it is the beginning of their financial year, and demand for manganese ore outside China is robust. In addition, the Covid-19 pandemic is continuing to disrupt production and logistics.”