GLOBAL MANGANESE SNAPSHOT: China ore, alloy prices weak in holiday run-up

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 5.


China

The seaborne markets were quiet ahead of the Lunar New Year (February 11-17). Continuing weakness in the portside market and persistently high inventories weighed on the market despite major suppliers declaring force majeure on some shipments after heavy rain in South Africa caused logistics disruptions. Low-grade seaborne prices weakened amid deteriorating sentiment and a lack of liquidity. High-grade seaborne prices edged up amid better sentiment relative to low grade. Prices...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Siyi Liu

February 05, 2021

17:25 GMT

London, New York, Galway, Beijing