GLOBAL MANGANESE WRAP: Weak demand in China softens 37% ore price

Low-grade manganese ore cif prices fell over the past week, with some buyers holding back from purchasing in the hope of lower prices.

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, cif Tianjin was unchanged week on...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Jon Stibbs

Amy Lv

September 17, 2019

09:39 GMT

London, New York, Galway, Shanghai