GLOBAL MANGANESE WRAP: Chinese ore prices rise on firm offers but downward pressure persists

After several weeks’ decline, seaborne manganese ore prices in China registered some gains due to some producers holding offer prices comparatively firm, while the lingering bearish sentiment will likely put the market under downward bias in the coming weeks, sources said.

  • Seaborne low-grade, high-grade manganese ore prices in China change direction. 
  • Silico-manganese prices edge down further in China. 
  • Indian silico-manganese prices narrow downward. 
  • European ferro-manganese, silico-manganese prices unchanged. 
  • US alloy prices flat week on week.

Both low-grade and high-grade manganese ore prices in China corrected upward in the week to Friday August 16 after some ore producers were reportedly reluctant to surrender any further on their latest offer prices for September-delivery cargoes.
Fastmarkets’ manganese ore index 37% Mn, cif Tianjin edged up by 2 cents week on week to $5.31 per dry metric tonne unit (dmtu) on August 16.
Fastmarkets’ manganese ore index 37% Mn, fob Port Elizabeth nudged up by 1 cent over the same period to $4.59 per dmtu.

On the same day, Fastmarkets’ manganese ore index 44% Mn, cif Tianjin climbed to $5.70 per dmtu, up by 4 cents per dmtu...

Published

Chris Kavanagh

Ewa Manthey

Declan Conway

Amy Lv

August 19, 2019

18:00 GMT

Shanghai, London, New York, Galway