Manganese ore prices resumed their upward trend on Friday June 2, with high-grade prices gaining more than 5% amid tight availability.
Metal Bulletin’s 44% manganese ore index cif Tianjin rose 31 cents to $6.04 per dmtu while the 37% manganese ore index fob Port Elizabeth rose 7 cents to $4.62 per dmtu.
- Ore prices back up after pause
- High-grade ore rises more than 5%
- Alloys prices hold in China, India and Europe
- Ferro-manganese prices rise in USA
- US manganese alloy supply remains tight
Market participants anticipate higher prices from high-grade producers in the near future while inventories in China contract.
"High-grade is particularly tight. The truth is it can be sold in one day. Chinese stocks are low – port inventory is below 3 million tonnes," a producer source told Metal Bulletin.
Tshipi Manganese price, page-50
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