GLOBAL MANGANESE WRAP: Ore prices continue run up amid tighter supplies

Manganese ore prices continued to exhibit strength on thinning supplies last week, while Chinese alloy markets felt pressure from slowing demand.

  • Tightening supplies drive ore prices upward
  • Sluggish demand weakens Chinese alloy prices
  • EU alloy markets remain firm in quiet market
  • US alloy prices continue to run on cold-weather-related tightness

Ore prices edge higher on tightening supplies
Manganese ore prices edged higher last week in response to tightening supplies as buyers sought to conclude their purchasing ahead of the Chinese New Year holiday in mid-February.
Metal Bulletin’s 37% manganese ore index rose by 3% week on week to $6.09 per dry metric tonne unit (dmtu), fob Port Elizabeth on Friday January 26.
The 44% manganese ore index was calculated at $6.95 per dmtu, cif Tianjin, up by 1.2% compared with a week ago.
“I’m pretty much sold out. I’ve got a few thousand tonnes to sell but I want to wait until after the Chinese New Year now,” a producer source told Metal Bulletin.



Charlotte Radford

Chris Kavanagh

Declan Conway

Karen Ng

January 30, 2018

09:25 GMT

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