In China, the falling alloy market weighed on manganese ore prices, especially for lower-grade material, in the week ended Friday January 11, while the silico-manganese price in India increased.
Price of 37% manganese ore, fob, falls by 35 cents per dmtuOre and alloy prices weaken in ChinaSilico-manganese price moves up in India, down in USAlloy prices in Europe unmoved78% FeMn market in US ticks upward. Chinese manganese ore prices, especially for 37% material, have been falling over recent weeks while demand from buyers has softened, Fastmarkets heard on Friday January 11.Prices for semi-carbonate material imported into China dropped heavily on January 11 in response to lower offer prices, amid low liquidity.Fastmarkets' 37% manganese ore index, cif Tianjin, fell by $0.35 to $5.76 per dry metric tonne unit (dmtu).The corresponding 37% manganese ore index, fob Port Elizabeth, also fell by $0.35 to $5.07 per dmtu. And Fastmarkets' 44% manganese ore index dropped by $0.26 to $6.55 per dmtu.Liquidity was low for both grades of material but there was consensus that the...