GLOBAL MANGANESE SNAPSHOT: Strong China alloy, portside markets support cif prices

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 4.


China

Seaborne manganese ore prices of both grades rose after miners successfully sold their January shipments at flat offer prices following a rise in the portside ore market and despite high inventories. Portside manganese ore prices of both grades ticked up after traders raised their offer prices amid improved buying interest from alloy smelters and the strengthening futures alloy market. China’s spot price for silico-manganese found support from the futures market while comparatively low alloy stock levels...

Published

Chris Kavanagh

Declan Conway

Jon Stibbs

Amy Lv

December 04, 2020

17:24 GMT

London, Shanghai, Galway, New York