GLOBAL MANGANESE WRAP: High-grade ore index retreats; ferro-manganese prices in China soar

The high-grade manganese ore index fell on Friday March 22 after sellers re-entered the market offering at a price stable with last month; in alloys, the Chinese ferro-manganese price rose following the recent recovery in the country’s silico-manganese market.

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...

Published

Janie Davies

Chris Kavanagh

Susan Zou

Karen Ng

Jon Stibbs

March 26, 2019

10:20 GMT

London, Singapore, Shanghai, Galway, New York