37% manganese ore slides, 44% ticks up
Alloy prices diverge in China
Indian silico-manganese prices hold steady
Alloys stage mixed performance in Europe, US
Prices for low- and high-grade manganese ore diverged at the end of March amid mixed signals from buyers and complaints that the gap between the two grades had been narrowing too far.
Fastmarkets’ 37% manganese ore index, cif Tianjin, weakened by 5 cents to $6.17 per dry metric tonne unit (dmtu) on Friday March 29.
Fastmarkets' 37% manganese ore index, fob Port Elizabeth, dropped by 5 cents to $5.51 per dmtu on the same day.
“People are not happy with these price levels and I think liquidity is falling as a result. I expect ore prices to fall a little because the market is not sustainable for alloys producers,” an ore producer told Fastmarkets.
Fastmarkets’ 44% manganese ore index, cif Tianjin, rose by 10 cents to $6.46...