GLOBAL MANGANESE WRAP: Low-grade ore breaks rally after consumer backlash escalates

Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids.

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...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Karen Ng

March 19, 2018

10:54 GMT

London, Singapore, Galway, New York