South African manganese prices up as freight cost eases, but margins still thin

  • Wednesday, September 1, 2021
  • Source:ferro-alloys.com

  • Keywords:manganese
[Fellow]South African manganese prices up as freight cost eases, but margins still thin

【Ferro-alloys.com】Manganese markets were quiet in the week ended Friday August 27, with buyers expecting miners to reduce their offer prices for October shipments to match the port markets.

“[Miners] must at least offer at a level equal to the port markets to attract buying interest, otherwise smelters will just buy from the spot market,” a manganese ore buyer said. “And traders would further lower their purchase amounts with the absence of speculation opportunities.”

Fastmarkets’ manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China, edged up by 0.10 yuan per tonne to 34.10 yuan ($5.27) per dry metric tonne unit (dmtu) on Friday, from 34 yuan per dmtu the previous week. This would be equivalent to $4.52 per dmtu excluding value added tax (VAT) and port handling fees....

  • [Editor:zhaozihao]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!