GLOBAL MANGANESE WRAP: Concern over tight markets pushes up European alloys price; ores into China range-bound

Ferro-manganese and silico-manganese prices into Europe made strong gains in the week ended Friday November 23 in response to concerns of a potential shortage should demand see a renewal.

Ore prices in China and fob range-bound  Alloys in China tick down  Ferro-manganese and silico-manganese prices in Europe rise  Silico-manganese in India gains prior to tenders Manganese ore prices into China were almost unmoved last week, with a lack of new offers keeping liquidity subdued. Fastmarkets’ 44% manganese ore index, cif Tianjin inched down 1 cent week on week to $7.17 per dry metric tonne (dmtu) on Friday November 23. Fastmarkets’ 37% manganese ore index, cif Tianjin edged up 1 cent for the third consecutive week to $6.84 per dmtu. Meanwhile, Fastmarkets’ 37% manganese ore index remained unchanged week on week at $6.04 per dmtu fob Port Elizabeth. Some sources reported lower end-user demand for seaborne cargo compared with the week prior, citing risk aversion in China and unwillingness to carry stock ahead of year end. "You have to discount your prices at the moment but I still think...

Published

Janie Davies

Declan Conway

Karen Ng

Jon Stibbs

November 26, 2018

17:07 GMT

London, Singapore, Brisbane, Galway