MANGANESE SNAPSHOT: Tightening availability pushes up seaborne, portside ore prices

Key data from Fastmarkets’ pricing sessions in India, Europe, China and the United States on Friday October 15.

China
• Silico-manganese prices continued to rally in portside ore markets while an improved demand outlook buoyed the seaborne manganese ore markets.
• Some South African miners raised their offer prices for November-shipment manganese ore, which was accepted by Chinese buyers for restocking amid limited availability.
• Portside manganese ore prices sped upward. The expectation of improved ore demand from Inner Mongolia and Guangxi, where production improved following loosening of electricity restrictions, strengthened sentiment.
• Alloy producers showed strong appetite for high-grade ore,...

Published

Chris Kavanagh

Declan Conway

Jon Stibbs

Siyi Liu

October 15, 2021

16:15 GMT

London, New York, Shanghai, Galway