Manganese ore prices in China continue to fall
Manganese ore stocks in China slump
Ferro-manganese prices in Europe, China drop
Silico-manganese price fob India falls
Alloy prices stable in United States
The manganese ore markets - fob and in China - fell last week. While the rate of fall for 37% ore was slower than over recent weeks, some miners expected continued price weakness.
Fastmarkets 37% manganese ore index, fob Port Elizabeth, fell $0.08 to $4.99 per dry metric tonne unit (dmtu) on Friday January 18.
Fastmarkets’ 37% manganese ore index, cif Tianjin, also dropped $0.08 to $5.68 per dmtu, while the 44% manganese ore index, cif Tianjin, fell by $0.09 cents to $6.46 per dmtu.
Major producers lowered their offers to secure sales for February deliveries amid falling downstream ferro-alloy prices.
Counter bids from China have also been increasingly aggressive, one supplier told Fastmarkets....