“There is now some light emerging at the end of the tunnel for alloy producers,” Fowkes said on the manganese panel of Fastmarkets’ International Ferro-alloys Conference 2019, held November 17-19 in Budapest, Hungary. “Ore prices are now more in proportion to the alloy market and this is helping alloy producers.”
The 42.3% slump in Fastmarkets’ manganese ore index 37% Mn, cif Tianjin from $5.63 per dry metric tonne unit (dmtu) on July 19 to a low of $3.25 per dmtu on November 8 has given manganese alloy producers support at the time their profits had been hit by high...
