GLOBAL MANGANESE WRAP: Indian alloy prices keep slipping on poor demand [CORRECTED]

Poor demand continues to weigh on Indian silico-manganese prices.

  • Indian silico-manganese prices now down for six weeks running
  • European alloy prices hold steady in thin trading
  • Manganese ore prices keep sliding on poor demand, plentiful supply
  • US prices remain flat in inactive market.
Indian silico-manganese export prices dropped for a sixth consecutive week due to persistent weak demand domestically and from traditional customers in Southeast Asia.
Fastmarkets assessed the price of silico-manganese, 65% Mn min, min 16% Si, fob India, at $900-920 per tonne on Friday, down from $920-940 per tonne a week earlier.
The new price marked a fresh low since the price range was assessed at $880-900 per tonne three years ago.
Southeast Asian steelmakers have yet to show firm demand for any substantial deliveries for fourth-quarterly deliveries.

Weak demand has created a surplus of supply, and with no signs of a recovery in demand either at home or abroad, more price losses may be expected, Indian...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Jon Stibbs

October 08, 2019

15:34 GMT

Galway, London, New York