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...