GLOBAL MANGANESE WRAP: Ore price rally accelerates as consumers stockpile

Manganese ore prices jumped by as much as 35 cents per lb on Friday February 9, as consumers stockpiled ahead of Chinese New Year in anticipation of further price increases.

Ore prices jump as much as 35 cents as consumers stockpile Alloy prices drift in China Indian alloy prices pull back as China winds down European alloy prices hold in thin trading Alloy markets stand firm in USA Manganese ore prices jumped by as much as 35 cents per lb on Friday February 9, as consumers stockpiled ahead of Chinese New Year in anticipation of further price increases. Metal Bulletin’s 37% manganese ore index rose 5.6% week-on-week to $6.55 per dry metric tonne (dmtu), fob Port Elizabeth.  Metal Bulletin’s 37% manganese ore index, cif China, rose to $7.21 per dmtu.  Metal Bulletin’s 44% manganese ore index was calculated at $7.28 per dmtu cif Tianjin, on Friday February 9, leaping 3.73% week-on-week.  “Demand is good; it is one week before Chinese New Year and mills want to stockpile before prices rise further,” a...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Karen Ng

February 12, 2018

14:28 GMT

London, Singapore, New York