GLOBAL MANGANESE SNAPSHOT: Falling portside prices, large port inventories weaken sentiment

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 23.


China

Seaborne 37% and 44% manganese port indices both slid after market sentiment weakened further amid falls in the portside ore and futures alloy markets amid growing port inventories. Portside manganese ore prices for both grades weakened further after some ore traders slashed their offer prices to secure deals; some alloy smelters returned to the market to stockpile cargoes to meet prompt production needs. Chinese alloy smelters have...

Published

Chris Kavanagh

Declan Conway

Jon Stibbs

Amy Lv

October 23, 2020

15:26 GMT

London, Galway, Shanghai, New York