GLOBAL MANGANESE WRAP: China’s falling availability of low-grade manganese ore buoys market

Some producers in the global manganese market successfully increased their offer prices for low-grade manganese ore in China following a fall in stocks and reports of a drop in import volumes in June.

Low-grade ore price into China increases High-grade material pares previous week’s gains Ore stocks in China fall SiMn in-whs China prices tick down; stable in India, US High carbon FeMn market weakens Low-grade seaborne manganese ore prices rose for the fourth consecutive week on Friday July 19 amid expectations of falling import flows in June and declining portside inventories. Fastmarkets’ manganese ore 37% Mn, cif Tianjin, index rose $0.14 per dry metric tonne unit (dmtu) week on week to reach $5.63 per dmtu on Friday. Fastmarkets’ manganese ore 37% Mn, fob Port Elizabeth, index, climbed $0.13 over the week to hit $4.83 per dmtu on July 19. The rise in the low-grade manganese ore market was partly due to producers’ holding prices firm when selling the majority of their August-delivery cargoes. “I heard that many miners have sold almost all of their August-delivery cargoes and with limited selling pressure now, I feel they won’t...

Published

Chris Kavanagh

Jon Stibbs

Amy Lv

July 23, 2019

11:40 GMT

London, Shanghai, New York