GLOBAL MANGANESE SNAPSHOT: Low-grade ore prices stay high on strong demand

Key data from Fastmarkets’ Friday May 14 pricing sessions in China, India, the United States and Europe.


China

Seaborne low-grade manganese ore prices continued to rise after suppliers successfully concluded sales at higher prices amid strong buying interest. Buyers said they had expected a price uptick due to rising production costs caused by the appreciation of the South African rand and expensive freight rates. Meanwhile, lower offers for high-grade manganese ore attracted fresh demand. Downstream bullishness supported portside prices, but buyers became cautious about further restocking activity after rebar and silico-manganese futures prices tumbled later in the...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Siyi Liu

May 14, 2021

17:28 GMT

Shanghai, Galway, London, New York