GLOBAL MANGANESE SNAPSHOT: Weakening market sentiment, high stocks weigh on falling ore market

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 16.

China The seaborne index for low-grade manganese ore fell after deals were concluded at lower prices due to weak buying interest amid deteriorating market sentiment. The seaborne index for high-grade manganese ore was also undermined by weakening sentiment stemming from falling portside ore prices and historically high port inventories. Portside manganese ore prices of both grades slid further in response to lower-than-expected buying interest, with some domestic alloy plants yet to...

Published

Chris Kavanagh

Declan Conway

Jon Stibbs

Amy Lv

October 16, 2020

16:01 GMT

London, New York, Galway, Shanghai