GLOBAL MANGANESE WRAP: Ore prices push higher amid tightness, better demand outlook

Manganese ores prices edged higher in the week ended Friday September 7 amid tighter availability of certain grades of ore and a stronger demand outlook due to expected alloy capacity increases in the current quarter.

Ore prices edge higher on lower availability of 37% material Chinese silico-manganese price pulls back from eight-month high Indian silico-manganese prices edge higher European silico-manganese market steady, ferro-manganese weakens US manganese alloy prices flatline Metal Bulletin’s 37% manganese ore index, cif China rose 6 cents to $6.62 per lb per dry metric tonne (dmtu). Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth increased by 7 cents to $5.92 per lb per dmtu. Trading in 37% and 44% manganese ore material was thin and market participants reported an increase in offers for 32% material. Some traders reported issues sourcing 37% material in the short term, having sold out for October. “Everybody is running out of stock. I think we will continue to see more low-grade material coming into the market,” a trader told Metal Bulletin. Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 5 cents to $6.92 per lb per...

Published

Janie Davies

Chris Kavanagh

Susan Zou

Declan Conway

Jon Stibbs

Violet Li

September 11, 2018

09:45 GMT

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