Low-grade manganese ore prices ticked up in China, high-grade holds
Physical silico-manganese prices hold in China, India, Europe
Ferro-manganese holds globally
US silico-manganese prices edge up
Low grade manganese ore prices reversed the recent downtrend by rising week on week on Friday due to higher offers and increased demand in the run-up to the Chinese New Year holiday.
Fastmarkets’ 37% manganese ore index, cif Tianjin, rose 8 cents to $5.76 per dry metric tonne (dmtu) on Friday. Fastmarkets’ 37% manganese ore index, fob Port Elizabeth, increased 12 cents to $5.11 per dmtu,
Meanwhile, the 44% manganese ore index, cif Tianjin, was unmoved at $6.46 per lb.
The low-grade 37% manganese ore index was supported by a number of higher miner offers at levels not been seen in recent weeks, which helped the market to recover some losses after steep declines earlier in January. The 37% cif...