GLOBAL MANGANESE WRAP: Consumers favor high grade ore, boosting prices by almost 5%

High-grade manganese ore prices jumped in China for the first time since April because of consumers favoring higher-quality material.

High-grade material jumps by 4.8% Low-grade ore rises steadily Silico-manganese prices slide in China but hold in India Silico-manganese prices rise in Europe, US Ferro-manganese prices hold in Europe, US High-grade manganese ore prices jumped on Friday July 12 due to increased consumer demand for material of better quality. Fastmarkets’ manganese ore 44% Mn, cif Tianjin, index climbed 27 cents to $5.91 per dry metric tonne unit (dmtu) on Friday, its first increase since April 12. A recent narrowing of the gap between 37% and 44% manganese ore means consumers see high-grade material is being of better value in today’s market. “We do not have any interest for semi-carbonate now because the offers are too high. If the offer price of the low grade ore is very close to that of high grade one, we...

Published

Janie Davies

Charlotte Radford

Jon Stibbs

Amy Lv

July 15, 2019

17:27 GMT

London, Shanghai