In Europe, high-carbon ferro-manganese and silico-manganese market prices also eased amid quiet spot activity and lower-priced deals, sources said.
Fastmarkets’ silico-manganese 65% Mn min, min 16% Si, fob India price
dropped to $1,000-1,020 per tonne in the week to Friday May 15 from $1,050-1,100 per tonne a week before.
The move down followed a firm price increase in late April back to the annual peak reached last in October 2018.
"The higher offer prices got some deals done between $1,050 and $1,100 per tonne and there were even some offers as high as $1,150 per tonne," one Indian trade source said. "But there was no follow-through buying after that initial demand and...