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...