Seaborne 37% ore prices rise for the first time since April 5
Seaborne 44% prices hold
Chinese silico-manganese prices keep rising
Indian silico-manganese prices tick up
European alloy prices flat at 2019 lows
US manganese alloys drift lower in sluggish market
Low-grade seaborne manganese ore prices showed signs of recovery from a 10-week decline on Friday June 28 amid higher port prices and stronger alloy prices.
Fastmarkets’ 37% manganese ore index, cif Tianjin, rose by 4 cents to $5.30 per dry metric tonne unit (dmtu).
Fastmarkets’ 37% manganese ore index, fob Port Elizabeth, edged up by 1 cent to $4.60 per dmtu.
Liquidity was light - most producers have sold out for July, although some raised offers for August delivery.
Recent poor sentiment has reversed due to recovering Chinese silico-manganese prices and declining port inventories.
Fastmarkets’ Chinese silico-manganese ex-works price rose to 7,450-7,550 yuan ($1,085-1,100)...