- 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...