GLOBAL MANGANESE WRAP: Ore prices drop in China after cut in SiMn tender price

Manganese ore prices continued to soften over the past week, after a reduction in the September prices for silico-manganese further damped sentiment in the market.

Manganese ore prices drop in China after alloy tender is cut Spot domestic silico-manganese prices slide in China Indian silico-manganese prices weaken further European alloy price holds steady in thin trading US ferro-manganese prices soften on sluggish demand. Manganese ore prices softened in China on Friday September 6 after Hebei Steel lowered its September tender price for silico-manganese. Fastmarkets’ index for manganese ore, 37% Mn, fob Port Elizabeth, dropped by 15 cents week on week to $4.06 per dry metric tonne unit (dmtu) on Friday. The corresponding manganese ore index, 37% Mn, cif Tianjin, dropped by 5 cents to $4.99 per dmtu on the same day. The fob index fell more sharply than the cif index, reflecting an increase in the cost of freight between South Africa and China. Also on Friday, Fastmarkets’ index for manganese ore, 44% Mn, cif Tianjin, nudged down by 3 cents $5.47 per dmtu. Leading carbon steel mill Hebei Steel...

Published

Janie Davies

Chris Kavanagh

Jon Stibbs

Amy Lv

September 09, 2019

20:20 GMT

London, Shanghai, New York