April 2014

Hebei Steel leaves monthly silico-manganese price unchanged

China’s largest steel mill Hebei Steel is willing to buy silico-manganese for May delivery at the same price as it did this month, ending months of cuts that had dented the alloys and ore market.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

MANGANESE ORE INDEX: High-grade prices lose 8% as miners cut offers

High-grade manganese ore prices have fell 8% on Friday 25 April, as large miners slashed offers to compete with cheap spot prices in Chinese ports.

China’s manganese ore imports up 10% in March

China’s manganese ore imports were up on a monthly basis in March with some buyers increasing purchases on hopes that prices have bottomed out.

FACTS: China’s ferro-alloys imports in March

A quick summary of China’s ferro-alloys imports in March.

PRICING NOTICE: UK holidays will affect prices and news coverage

Due to UK national holidays on Good Friday April 18 and Easter Monday April 21, Metal Bulletin’s pricing and news coverage will be reduced.

BHP’s manganese ore output down in March quarter

BHP Billiton’s manganese ore output was down 10% year-on-year in the March 2014 quarter as rainfall and planned maintenance affected operations.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

WEEK-IN-BRIEF: Copper financing; Russian trade; Sherritt's board battle; nickel surges

There is no sign yet of copper financing deals in China unwinding, Goldman Sachs analyst Max Layton told the copper market gathered in Santiago for Cesco.

MANGANESE ORE INDEX: Prices fall again as buyers demand lower offers for imports

Manganese ore prices continued falling in China on Friday April 11 as buyers challenged overseas miners to match or even undercut spot prices in domestic ports.