Copying and distributing are prohibited without permission of the publisher
MANGANESE ORE INDEX: Prices diverge as Chinese demand lags rest of world
January 24, 2014 - 14:50 GMT
Prices for low- and high-grade manganese ore continued to diverge on Friday January 24, reflecting lower demand in China than in the rest of the world, where economies are showing signs of recovery.
Metal Bulletin’s index price for 44% manganese
ore cif Tianjin fell by 2 cents to $5.1 per dmtu.
Metal Bulletin’s index price for 38% manganese
ore, fob Port Elizabeth rose by 6 cents to $3.84 per
dmtu. High inventories and cheap offers for local cargoes
are keeping Chinese prices low, as the country winds down for
its New Year holiday. Anyone who does need material will favour
cheaper local cargoes over fresh imports, sources said. "We are
already having a holiday as there’s almost no
business; smelters who need to buy have already finished
purchasing in the past few weeks," a trader from
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to a premium subscription and benefit from more than 17 years of intelligence plus access to MB Company Data.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.