44% manganese ore index retreats after previous climb
Deals for 37% material concluded at higher levels
Silico-manganese prices rise in China
Alloys stable in Europe
US alloy prices bolstered by tight supplies
High-grade manganese ore prices retreated in the week ended March 22, giving back gains recorded in the prior week.
Fastmarkets’ 44% manganese ore index, cif Tianjin, stood at $6.36 per dmtu on March 22, down by 22 cents per dmtu from $6.58 per dmtu on March 15.
The week-on-week fall brings the index back to a similar level it had been at in early March; the index was calculated at $6.39 per dmtu on March 1.
Producers of 44% ore tend to go to market once per month and prices rose in the week ended March 15 when a producer raised its offer. In the latest pricing session, another producer returned to the market and offered material...