Strengthening Chinese currency adds liquidity in seaborne manganese ore market; freight rates rise

Prices for higher-grade and lower-grade manganese ore to China softened in the week to Friday November 24 while liquidity increased amid a strengthening exchange rate of Chinese yuan against US dollars, despite elevated freight rates.

Meanwhile port-side prices also inched down, amid high port inventories and falling alloy market prices.
Seaborne

Prices for higher-grade manganese ore in the seaborne market were almost flat in the...

Published

Holly Chant

Tina Tong

November 27, 2023

16:10 GMT

Shanghai, London