Asian manganese alloy prices have posted impressive
gains over the past month, but the momentum has now slowed and
prices are stabilising.
Chinese 65% ferro-manganese
prices jumped 28.1% month-on-month in August to
Rmb5,600-5,800/t ($839-869/t) in warehouse and the Chinese 65%
manganese silico-manganese price increased 31.4% to Rmb6,900/t
($1,034/t) in warehouse. At the same time Indian 65% manganese
silico-manganese increased over 10% month-on-month to
$785-820/t, FOB, with MBR seeing further upward movement
possible once Indian silico-manganese producers liquidate their
relatively low-priced manganese ore inventories.
Chinese manganese ore buyers are beginning to push back
against climbing manganese...