GLOBAL MANGANESE WRAP: Low-grade ore prices up on higher producer offers

Manganese ore prices increased over the past week when producers raised their offer prices while market participants in China were celebrating the Lunar New Year holiday.

Low-grade ore prices tick upward High-grade ore prices weaken slightly Manganese alloy prices hold in India, Europe US alloy prices soften despite uptick in SiMn activity. Manganese ore prices rose on Friday February 8 because of higher offers issued by producers. Fastmarkets’ 37% manganese ore index, cif Tianjin, rose by $0.11 per dry metric tonne (dmtu) to $5.82 per dmtu. The corresponding 37% manganese ore index, fob Port Elizabeth, went up by $0.16 per dmtu to $5.27 per dmtu. But the 44% manganese ore index, cif Tianjin, dropped by $0.02 per dmtu to $6.43 per dmtu. “I am seeing signs of recovery and upward movement in the market,” a trader told Fastmarkets. In addition to raising their offers, some producers secured sales of off-grade material at higher prices. News that major ore producer Ghana Manganese has been ordered to stop production by February 15 sparked speculation of a...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Jon Stibbs

February 11, 2019

20:40 GMT

London, New York, Galway