Manganese ore prices could rise further amid tighter 37% availability

A scarcity of 37% manganese ore being offered for October delivery, combined with an increase in lower grade offers, has the potential to drive the market higher, market sources told Metal Bulletin.

Metal Bulletin’s 37% manganese ore index, cif Tianjin rose six cents to $6.52 per dry metric tonne unit (dmtu) on Friday September 7 after market sources started to report tighter 37% availability. The indices will next be calculated later today, Friday September 14.  It is not unusual for producers to take advantage of favorable market conditions by selling stockpiled off-grade ores that are byproducts of their main offerings. But over the past two weeks there have been examples of producers only selling...

Published

Janie Davies

Jon Stibbs

September 14, 2018

11:10 GMT

Brisbane, London