GLOBAL MANGANESE WRAP: High-grade ore prices jump on higher offers; European alloy prices supported by Eskom load shedding

High-grade manganese ore producers returned to the market with higher offer prices in the week ended Friday March 15, while low grade prices held steady; In Europe, alloy prices rose on the news of load shedding in South Africa and the resultant pressure on production.

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...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Karen Ng

Jon Stibbs

March 19, 2019

12:39 GMT

London, Singapore, Galway, New York