GLOBAL MANGANESE SNAPSHOT: Seaborne ore prices surge as buyers vie for material

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 6.



China 

Seaborne 37% and 44% manganese ore prices rose after some suppliers offered only limited volumes of material for January delivery.  Many Chinese alloy smelters sought to build positions in seaborne cargoes out of fear of missing out on ore prices at their comparatively low levels currently.  Concern that some miners will cut production in 2020 encouraged traders and alloy plants to accept higher-than-expected ore prices for semi-carbonate material.  Inventories rose for the eighth consecutive week to a new high indicating ample material remains available.  Chinese domestic port-side manganese...

Published

Chris Kavanagh

Declan Conway

Jon Stibbs

Amy Lv

December 06, 2019

17:27 GMT

London, Shanghai, Galway, New York