Low activity for ores in China
Alloy prices in Europe rise on lower supply
Indian silico-manganese suppliers lift offer prices
Silico-manganese market in US drops
There was little movement in the prices of imported high- and low-grade manganese ore into China last week, when liquidity was dampened by China’s Tomb Sweeping Day (Friday April 5).
Fastmarkets’ 37% manganese ore index, cif Tianjin, nudged up 3 cents to $6.20 per dry metric tonne unit (dmtu) on Friday.
Fastmarkets’ 37% manganese ore index, fob Port Elizabeth, ticked up 2 cents to $5.53 per dmtu on the same day.
Some consumers accepted a higher offer price and this supported the price of low-grade ore over the assessment period.
However, this was not considered to be the start of an upward trend, according to most market participants.
The market is balanced, according a producer, who thought the price of semi-carbonate material would...