"which is good for the Mn price outlook."
Not at present. South Africa slashes Mn ore shipments in October due to low demand from China
South Africa cut Mn ore shipments to China in October as consumption fell due to the electricity shortage in China. Higher shipments to other destinations could not offset the decline to China.
Port Hedland slashes Mn ore shipments in November
A plunge in Mn ore shipments from Port Hedland month-on-month.
" Mn price remains around current levels, the pricing starting point is US$5.60"
Try US$5.32/dmtu
"Shipping costs may therefore be able to be cut nearer US$20/t (60c/dmtu)."
Try US$35/tonne ie over US$1.00/dmtu as shipping costs are increasing again, plus Top Fair is only 78% full with a 43,000tonne load. Therefore the cost per tonne shipped is more.
Top Fair bulk carrier has a carrying capacity is 55256 t DWT
"Looking forward to July 2022 and beyond the plan is to be producing 1MT. "
Thats when E25 will be losing 5 x the amount it is now
E25 Price at posting:
$1.12 Sentiment: Sell Disclosure: Not Held
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