GLOBAL MANGANESE WRAP: Ore prices dip after producers cut offers, alloys weak in China

A number of manganese ore producers have been forced to cut offer prices for June to entice buyers, sources told Fastmarkets in the week ended on Friday May 10.

Manganese ore prices weaken on lower producer offers Manganese alloy prices under pressure in China Indian silico-manganese prices hold European alloys markets flatline in thin trading US market flat amid inactivity Manganese ore prices weakened on Friday May 10 after major suppliers were forced to reduce offer prices to secure sales. Fastmarkets’ 44% manganese ore index, cif Tianjin, dropped 7 cents week on week to $6.33 per dry metric tonne unit (dmtu) on Friday. Some high-grade manganese ore producers attempted to keep their June offer prices flat against May, but buyers have staged opposition amid falling alloys prices and a widening gap between low and high-grade ore prices. “It is not reasonable for high-grade ore suppliers to keep offer prices flat, when prices for other grades are falling,” one trader told Fastmarkets. Fastmarkets’ 37% manganese ore index, cif Tianjin dropped to $5.82 per dmtu on May 10,...

Published

Janie Davies

Chris Kavanagh

Susan Zou

Declan Conway

Jon Stibbs

May 14, 2019

11:05 GMT

London, Shanghai, New York, Galway