PRICING NOTICE: Correction to manganese ore 37% and 44% index, cif Tianjin rationales

Fastmarkets has corrected its weekly manganese ore 37% index, cif Tianjin and 44% index, cif Tianjin rationales, which were published incorrectly on Tuesday April 6 due to reporter error.

The corrected rationales can be seen below:

MB-MNO-0003: Manganese ore index 37% Mn, cif Tianjin, $/dmtu
The Fastmarkets manganese ore 37% index, cif Tianjin moved down by 8 cents to $4.61 per dry metric tonne (dmtu).

There was one deal for a small volume at $4.70 per dmtu.

One offer was also reported at $4.70 per dmtu. Assessments were reported in a range of $4.20-4.80 per dmtu.

All data reported for 37% material was normalized to base specifications using in-house developed coefficients.

Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.

Market sentiment softened following recent portside price falls, with buyers anticipating prices would fall further in forthcoming sessions.

MB-MNO-0001: Manganese ore 44% Mn, cif Tianjin, $/dmtu
Fastmarkets’ 44% cif Tianjin, manganese ore index fell by 5 cents to settle at $5.27 per dmtu.

There were four small volume trades reported at $5.53 per dmtu.

One offer was reported at $5.53 per dmtu.

Assessments were reported at $4.75-5.32 per dmtu.

Assessments were reported at $4.55, 4.65 and 4.75 per dmtu and automatically discarded after the brand normalization process.

All data points that fall more than 10% away from the initial calculated index are automatically excluded – the index is then recalculated, in accordance with our methodology.

Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.

All data reported for 44% material was normalized to base specifications using in-house developed coefficients.

Market sentiment softened following recent portside price falls with buyers anticipating prices would fall further in forthcoming sessions.

Fastmarkets’ price book and database have been updated to reflect these corrections.

For more information or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to this index, please contact Jon Stibbs/Siyi Liu by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Jon Stibbs/Siyi Liu re: Manganese ore index.”

To see all of Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.