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 Location: London

KEYWORDS: China , South Africa , Europe , manganese ore , ferro-manganese , silico-manganese , Metal Bulletin

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 Shanghai...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)