GLOBAL MANGANESE WRAP: Ore prices continue to rally, pushing alloy charges higher

Both low-grade and high-grade manganese ore prices rose in China against the backdrop of tighter silico-manganese supply in the country following news of production curbs in Ningxia province. That pushed European and Indian alloys prices higher, while in the United States ferro-manganese charges fell further.

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...

Published

Janie Davies

Ellie Wang

Chris Kavanagh

Susan Zou

December 19, 2017

08:20 GMT

London, Shanghai, New York