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, down by 6...

Published

Janie Davies

Chris Kavanagh

Susan Zou

Declan Conway

Jon Stibbs

May 14, 2019

11:05 GMT

London, Shanghai, New York, Galway