MARKET REPORT: Manganese ore prices keep surging on buying flurry

The manganese ore rally continues as consistent buying interest allows producers to keep hiking offer prices.

Manganese ore prices jumped again on Friday December 22 as miners continued to raise offer prices amid a recent surge in demand, fuelled by silico-manganese futures prices in China.
Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 32 cents to $6.93 per dmtu.
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth rose 24 cents to $5.79 per dry metric tonne unit (dmtu), equivalent to $6.54 per dmtu on a cif basis.
Concluded deals in China were reported at $7.15 per dmtu for high grade and at $6.40-6.60 per dmtu for low grade, for which sporadic offers were also reported as high as $6.75.
Counter bids for low grade have been coming in between $6.00 and $6.40 in China.

Manganese ore prices...

Published

Janie Davies

Ellie Wang

December 25, 2017

02:20 GMT

London, Shanghai