GLOBAL MANGANESE WRAP: Low-grade ore prices recover some losses in China, alloys stabilize

Low-grade manganese ore prices showed signs of recovery in the week ended Friday January 25 while high-grade flattened amid increased liquidity ahead of Chinese New Year in early February.

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...

Published

Janie Davies

Declan Conway

Karen Ng

Jon Stibbs

January 29, 2019

14:30 GMT

London, Singapore