Low-grade manganese ore indices rise, high-grade pauses
Chinese markets quiet on National Day holiday
Indian alloy prices hold
European alloy prices stable
US alloys soften on continued low demand
Trades indicated low-grade manganese ore prices edged up in China on Friday after some miners raised offer prices further.
Fastmarkets MB’s 37% manganese ore index, cif China inched up 4 cents to $6.90 per dry metric tonne (dmtu) on Friday.
Fastmarkets MB’s 37% manganese ore index, fob Port Elizabeth also rose 4 cents to $6.22 per dmtu.
Due to thin trading during China’s Golden Week holiday, the high-grade ore market paused while domestic port activity ceased completely.
Fastmarkets MB’s 44% manganese ore index, cif Tianjin was unchanged week on week at $7.14 per dmtu.
Downstream, softening manganese alloys prices in recent weeks have prompted concerns among silico-manganese producers.
Chinese manganese alloy smelters are understood...