Manganese alloys prices up but rally seen limited

Manganese alloys prices in Europe and India increased in the week to Friday January 10 against steady increases in manganese ore markets since early December, although industry sources believe further increases will be limited due to relatively soft consumer demand.

In Europe, the silico-manganese lumpy 65-75% Mn, basis 15-19% Si (scale pro rata), major European destinations market price climbed by 4% to €900-940 ($1,000-1,045) per tonne on January 10 from €840-860 per tonne over the week, while suppliers increased their offer prices against expected renewed demand for first-quarter delivery settlements from steelmakers.
The European silico-manganese market is on par with a level last reached on October 4, 2016 when the price range was assessed at €920-940 per tonne delivered.
About 90% of total world manganese production is used in alloy form in steel for use mostly in construction. Silico-manganese’s key applications are in long steel products for the construction sector, such as wire mesh and reconditioned bar.

The high-carbon ferro-manganese market in Europe climbed more than 2% in the past week, with Fastmarkets’ ferro-manganese basis 78% Mn max, standard 7.5% C spot price assessment at €900-940 per tonne...

Published

Declan Conway

January 13, 2020

15:50 GMT

Galway