GLOBAL MANGANESE WRAP: Ore, alloy prices slide further on dwindling purchasing

Manganese prices dropped further in China last week on weaker demand downstream.

Ore prices fall as much as 6% Chinese alloy prices slide on weaker demand from steel mills Indian silico-manganese weakens European alloy prices flatline US ferro-manganese holds; silico-manganese trading range narrows Manganese ore prices continued lower on Friday May 11 amid weakening demand due to shrinking purchase volumes for both ore and alloy. Metal Bulletin’s price index for 37% manganese ore cif Tianjin, China, fell 38 cents to $6.22 per dry metric tonne unit (dmtu). Metal Bulletin’s price index for 37% manganese ore fob Port Elizabeth, South Africa, fell 38 cents to $5.59 per dmtu. Metal Bulletin’s price index for 44% manganese ore cif Tianjin, China, fell 7 cents to $7.39 per dmtu. There were fewer purchases of ore during the week and volumes were smaller, while steel mills also bought less manganese alloy. “Steel mills are beginning to scale back on their production capacities and we are selling less,” a bulk...

Published

Janie Davies

Charlotte Radford

Chris Kavanagh

Karen Ng

Jon Stibbs

May 15, 2018

04:20 GMT

London, Singapore, New York