- 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...