GLOBAL MANGANESE WRAP: Low-grade seaborne ore index gives up gains; alloy prices rise in China

Low-grade manganese ore prices lost some recent gains in the seaborne market last week after warnings of high prices repelling buyers.

37% manganese ore prices slip in seaborne market 44% manganese ore prices inch up Manganese ore prices rise in China’s ports Manganese alloy prices find strength in China Silico-manganese prices hold in India, Europe and US Seaborne low-grade manganese ore prices surrendered some recent gains on Friday March 8 after trading thinned following a demand flurry and price spike the previous week. Fastmarkets’ 37% manganese ore index, cif Tianjin, fell 5 cents to $6.14 per dry metric tonne unit (dmtu). Fastmarkets’ 37% manganese ore index, fob Port Elizabeth, dropped 8 cents to $5.49 per dmtu. Fastmarkets’ 44% manganese ore index, cif Tianjin, ticked up 1 cent to $6.40 per dmtu. “The seaborne market has been quiet, probably because most of the market feels prices are high,” a trader told Fastmarkets. Some market participants viewed the change...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Karen Ng

Jon Stibbs

March 11, 2019

12:57 GMT

London, Galway, Singapore, New York