44% manganese ore price rose after producers raise offers.
37% prices stable in balanced market.
Indian silico-manganese prices rise on higher producer offers.
European alloy prices tick up on tighter supply.
US manganese alloy prices steady.
44% ore price catches up with earlier 33% uptick
The high-grade manganese ore price jumped on Friday March 15 after producers successfully raised offer prices.
Fastmarkets’ 44% manganese ore index, cif Tianjin, rose 18 cents week on week to $6.58 per dry metric tonne unit.
“We find market sentiment is very positive in the short term,” a producer of 44% material told Fastmarkets.
The higher-grade material was due an upward correction after being relatively stable in recent weeks, when the 37% market demonstrated more momentum, market participants said.
Producers of higher-grade ore tend to offer material once a month, so price movements often lag the 37% market, which is...