GLOBAL MANGANESE SNAPSHOT: Alloy strength sends cif China ore price soaring

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 8.




China 

Seaborne prices for both low- and high-grade ore soared after miners successfully raised their February offer prices following recent increases in the portside ore market. Bullishness in the alloy sector and yuan appreciation spurred buyers’ purchasing appetite.  Portside prices of both ore grades edged up amid alloy market strength, but purchasing activity was said to have slowed.  Hebei Iron and Steel Group...

Published

Chris Kavanagh

Declan Conway

Jon Stibbs

Siyi Liu

January 08, 2021

17:27 GMT

London, Galway, New York, Shanghai