Low-grade ore prices dip amid aggressive smelter bids
High-grade ore prices keep rising
Spot silico-manganese prices weaken in China
Alloy prices hold in Europe and India
US refined manganese alloys bolstered by shipping issues
Manganese ore markets showed signs of faltering on Friday March 16, after low grade fob-based prices inched lower amid a consumer backlash against rallying prices.
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth fell 5 cents over the past week to $7.52 per dry metric tonne unit (dmtu) on Friday, the first decline since February 23.
Metal Bulletin’s 37% manganese ore index, cif Tianjin stood at $8.21 per dmtu, up 1 cent from a week earlier.
Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 15 cents week on week to $8.78 per dmtu on Friday.
Chinese manganese alloy smelters launched aggressive bids for material, saying...