Bearish downstream performance reverses Mn ore price rally

摘要

Still weakened manganese alloy and steel markets have reversed the rally in manganese ore markets since early September, with prices for both low- and high-grade seaborne manganese ore falling during the week ended Friday November 12. Fastmarkets’ manganese ore 44% Mn, cif Tianjin price index was calculated at $5.66 per dry metric tonne unit (dmtu) on Friday, down by 2.41% from $5.80 per dmtu one week earlier. Fastmarkets’ manganese ore index 37% Mn, cif Tianjin price index was calculated at $4.80 per dmtu on Friday, a decrease of 1.23% from $4.86 per dmtu seven days earlier.