Low-grade ore prices slide further
High-grade ore prices stabilize
Chinese alloy prices rebound again
Silico-manganese prices flat outside China
US ferro-manganese market weakens
Manganese ore prices edged lower on Friday in quiet trading conditions due to poor demand from alloy smelters amid currency fluctuations and high stocks at ports.
Metal Bulletin’s 37% manganese ore index on a cif China basis stood at $6.35 per dry metric tonne unit (dmtu) on Friday, down 21 cents per dmtu from a week ago.
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth dropped 17 cents per dmtu to $5.74 per dmtu.
“Demand is extremely quiet and deal volumes are very small. I don’t see any rise in future deals coming up unless buyers go into a restocking cycle,” a supplier of 37% material told Metal Bulletin.
Metal Bulletin’s 44% manganese ore index, cif Tianjin was unchanged week on week at $6.94 per dmtu.