MANGANESE SNAPSHOT: Portside ore price rises support seaborne market

Key data from Fastmarkets’ pricing sessions in India, Europe, China and the United States on Friday October 22.


China

Higher port prices and the likelihood of fewer shipments arriving in the coming months supported buying sentiment in the seaborne manganese ore market. Portside low- and high-grade manganese ore markets extended their rallies amid firm sentiment among suppliers, but buying appetites waned after silico-manganese prices started to fall on Wednesday. The spot silico-manganese market softened with lower offers heard from southern regions where production resumed in October. Availability in general, meanwhile, remained tight and producers in the north were reluctant to lower their prices due to...

Published

Chris Kavanagh

Declan Conway

Jon Stibbs

Siyi Liu

October 22, 2021

17:56 GMT

London, New York, Shanghai, Galway