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...