Low-grade and high-grade ores continue to rally on higher spot SiMn prices
Chinese manganese alloys bolstered by ore rally
EU, Indian alloys prices rise in response to Chinese rally
US FeMn prices slide again amid inactivity
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth, jumped by 58 cents - or 11.7% - week on week to $5.55 per dry metric tonne unit, equal to $6.25 per dmtu on a cif basis.
Low-grade manganese ore deal prices were reported to Metal Bulletin in the range $6.00-6.50 per dmtu in the week to December 15.
Suppliers reported a surge in enquiries from the middle of the week, driven by soaring Chinese silico-manganese futures prices.
"There are only a few days left until Christmas, but while it lasts we traders are obviously smiling," a trader told Metal Bulletin. "Producers are reacting to the higher prices and are...