GLOBAL MANGANESE WRAP: Competition drives down manganese ore prices into China

Manganese ore prices fell heavily over week ended Friday May 18, in particular the price for 44% manganese, with sellers accepting the refusal among buyers to pay higher prices.

  • Price of 44% manganese ore slides by 11.4%
  • Chinese alloy prices soften and inventories tick upward
  • Top price for Indian silico-manganese dips
  • European silico-manganese price drops
  • US alloys spot demand quiet; lower ore prices threaten market.

Metal Bulletin’s price index for 37% manganese ore cif Tianjin, China, fell on May 18 by $0.28 to $5.94 per dry metric tonne unit (dmtu).
Metal Bulletin’s price index for 37% manganese ore fob Port Elizabeth, South Africa, dropped by $0.29 to $5.30 per dmtu on the same day.
And Metal Bulletin’s price index for 44% manganese ore cif Tianjin, China, slumped $0.84 to $6.55 per dmtu.

“This week has been absolute chaos, with major producers launching more than one round of offers to the same customers,” a source at a miner told Metal Bulletin. “Chinese consumers are sticking to their guns, saying they...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Karen Ng

Jon Stibbs

May 21, 2018

20:08 GMT

London, New York, Singapore