Low-grade ore prices slide in China
High-grade ore price inches up on stock-building activity
Chinese physical manganese alloy price holds in spite of futures drop
Indian alloy prices weaken
European, US alloy prices largely stable
Low-grade manganese ore prices dropped in China on Friday due to buyers fearing price risk ahead of year end.
Fastmarkets MB’s 37% manganese ore index, cif China declined 8 cents week on week to $6.76 per dry metric tonne unit.
The 37% manganese ore index fob Port Elizabeth followed suit, slumping 10 cents or 1.7% in the week to $5.94 per dmtu.
Conversely, the 44% manganese ore index, cif Tianjin inched up 1 cent week on week to $7.18 per dmtu on Friday.
Trading in 44% ore picked up in response to fresh producer offers, which were at the same levels as last month. A number of buyers sought material to last until late...