MANGANESE SNAPSHOT: Silico-manganese prices surge in China

Key data from Fastmarkets’ pricing sessions in India, Europe, China and the United States on Friday September 3.

China Spot silico-manganese and ferro-manganese prices surged, with looming supply concerns after Guangxi province ordered production restrictions early in the week. The strong performance of silico-manganese futures increased bullish sentiment. Hebei Iron & Steel Group (HBIS) set its purchase price for September-delivery silico-manganese at 8,650 yuan ($1,339) per tonne, a month-on-month increase of 700 yuan. Portside low- and high-grade manganese ore prices remained supported amid rising alloy prices; demand remained limited given the restricted production. Some high-grade manganese ore miners...

Published

Chris Kavanagh

Declan Conway

William Clarke

Siyi Liu

September 03, 2021

21:09 GMT

London, New York, Shanghai, Galway