GLOBAL MANGANESE WRAP: Lower grade ore up with support from currency movements, improved sentiment

Semi-carbonate prices increase due to the softer yuan, improved sentiment and expectations of stronger demand in China, despite a drop in silico-manganese futures.

  • 37% ore increases by as much as 15 cents
  • 44% ore softens slightly
  • Silico-manganese in China rises; futures plunge
  • Indian SiMn increases on top end 
  • US ferro-manganese flat, SiMn rises
Both 37% manganese ore indices made strong increases over the seven days ending August 24, and for the second consecutive week, however; trades indicated 44% manganese ore material prices had softened slightly.
Metal Bulletin’s 37% manganese ore index, cif China jumped 13 cents to $6.62 per dry metric tonne (dmtu).
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth rose 15 cents to $5.95 per dmtu.
Metal Bulletin’s 44% manganese ore index softened by 3 cents to $6.90 per dmtu.
Semi-carbonate material was supported by several trades and assessments at around $6.65 per dmtu.

“Demand in the Chinese market has been firming a little,” a trader told Metal Bulletin. “I think we...

Published

Chris Kavanagh

Karen Ng

Jon Stibbs

August 28, 2018

17:40 GMT

London, Singapore, New York