- 37% cif China prices fall in response to low demand
- High-grade ore price stable
- Alloys in India fall again, sparking output cuts
- Weak market dampens European alloy prices
- Alloy prices stable in the United States
The low-grade seaborne manganese ore price in China continued to fall on Friday September 13 amid persistently weak buying interest.
Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
fell by 8 cents week on week to $4.91 per dry metric tonne unit (dmtu) on September 13.
Fastmarkets’ index for manganese ore, 37% Mn, fob Port Elizabeth
stood at $4.06 per dmtu on the same day, unchanged from the previous week.
The high-grade seaborne manganese ore index in China was stable with the market in a stalemate after many Chinese buyers choosing to take a watch-and-wait stance, saying that current offer prices are too high for them.
Fastmarkets’ index for manganese ore, 44% Mn,...