GLOBAL MANGANESE WRAP: Low-grade ore prices weaken in China, demand remains subdued

Low-grade manganese ore prices continued to slide in the week ended Friday August 3, with currency moves and high stocks knocking demand.

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. The recent...

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Janie Davies

Chris Kavanagh

Declan Conway

Karen Ng

Jon Stibbs

August 07, 2018

10:20 GMT

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