The global trade for manganese ore and other metals shipped in containers is being constrained by weak demand despite lower freight costs and higher availability of boxes
The global trade for metals shipped in containers is being constrained by weak demand despite lower freight costs and higher availability of boxes compared with earlier in the year, sources have told Fastmarkets
An industry expert has warned that in the next ten years demand for high-purity manganese is likely to exceed supply unless more attention is paid to the battery-grade metal
The latest coronavirus-linked lockdowns in China have instilled an air of bearishness in the manganese ore markets, with a month-long price rally being capped by looming concerns over downstream demand
The market for both grades of manganese ore softened during the week to Friday March 25, with port prices falling and concerns over demand following Covid-related lockdowns in some major steel-producing areas, including Tangshan
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Manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin China, yuan/dmtu
Manganese ore port index, base 44% Mn, range 42-48%, fot Tianjin China, yuan/dmtu
Manganese ore 44% Mn, cif Tianjin, $/dmtu
Manganese ore 37% Mn, fob Port Elizabeth, $/dmtu