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...