GLOBAL MANGANESE WRAP: Low-grade ore prices rise after November offers dry up; European market weakens

Low-grade manganese ore prices got a boost in the week ended Friday November 2 after buyers were caught between the end of November’s offers and the start of December’s.

Low-grade manganese ore prices rise in China amid a lack of offers High-grade manganese ore index slides Chinese manganese alloy prices largely steady Silico-manganese quotation drops in Europe US alloy price holds in quiet market Low-grade manganese ore prices ticked up modestly on Friday after a number of suppliers sold out of November allocations. Fastmarkets' 37% manganese ore index, cif China, gained 5 cents to $6.81 per dry metric tonne (dmtu). Fastmarkets' 37% manganese ore index, fob Port Elizabeth, moved up 5 cents to $6.05 per dmtu. Conversely, Fastmarkets’ 44% manganese ore index, cif Tianjin, edged down 2 cents week on week to $7.18 per dmtu on Friday. Seaborne trading was thin due to producers having finished November sales and it being too early to start offering...

Published

Janie Davies

Chris Kavanagh

Karen Ng

Jon Stibbs

November 06, 2018

13:24 GMT

Brisbane, Singapore, London