GLOBAL MANGANESE WRAP: Buyers accept higher offers for high-grade ore, low grade slips amid poor demand

The spread between 37% and 44% manganese ore widened after some buyers conceded higher offer prices for the higher grade material.

Manganese ore grades diverge amid higher offers for 44%, poor demand for 37% Alloy prices slump in China Trading range for Indian alloy widens as producers court buyers European alloy prices slide High-grade manganese ore prices rose on Friday April 12 after some buyers accepted producer offer prices above the previous week’s index. Fastmarkets’ 44% manganese ore index, cif Tianjin, rose by 10 cents or 1.6% to $6.53 per dry metric tonne unit (dmtu). The narrow spread that had developed between high- and low-grade ore widened due to the higher accepted offer prices for 44% ore and weak demand for 37% ore. Another producer secured a low-volume deal at an offer price rolled over from March but still above the previous week’s index, which helped support the market. Fastmarkets’ 37% manganese ore index, fob Port Elizabeth, fell by 8 cents or 1.4% to $5.45 per dmtu on April 12. Fastmarkets’ 37% manganese...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Karen Ng

Jon Stibbs

April 16, 2019

03:42 GMT

London, Galway, Singapore, New York