- 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...