Chinese low-grade manganese ore prices have continued to rally on stronger silico-manganese futures markets; while the European and US manganese alloy markets have followed strong ore markets upward.
Low-grade ore price rises on higher silico-manganese futures, while high-grade price dips amid demand lullChinese alloys prices continue backslide on lackluster demandEU alloys prices bolstered by steady demand, stronger ore pricesUS silico-manganese market strengthens on healthy demand, winter logistics issuesLow-grade ore rises on higher SiMn futures, while high-grade dips amid demand lull
High-grade manganese ore prices have slipped slightly, with most market participants reporting that activity remained relatively quiet and has not fully picked up after the Christmas and New Year holidays.
However, inquiries from buyers have increased.
"I haven't done any business this week, but if anything the market is firming. Inquiries have picked up like you wouldn't believe," a miner told Metal Bulletin.
Metal Bulletin's 44% manganese ore index fell to $6.86 per dry metric tonne unit (dmtu) cif Tianjin on Friday January 12, down 6 cents from the week previous.
Concluded...