GLOBAL MANGANESE WRAP: Ore indices stabilise as Chinese port prices rise
Manganese ore prices were largely stable last week, supported by a steady flow of enquiries and alloy futures strength in China, while alloy prices elsewhere also resisted large swings.
- Manganese ore prices resist pressure from weaker demand
- Futures strength and steelmaking demand support manganese alloys in China
- Summer maintenance hits ferro-manganese in Europe
- US ferro-manganese prices continue ascent amid constrained supplies
Ore prices diverge
Manganese ore prices for high and low grade manganese ore diverged slightly last week amid continued demand for 37% material and a lull in buying activity for 44% ore.
Metal Bulletin's 37% manganese ore index was calculated at $4.06 per dmtu, up 3 cents week-on-week.
Good buying interest offset the effect of good supplies, facilitating the slight increase in prices.
"There is a little bit of oversupply but the demand is quite good, I have enquiries I simply can't meet," a producer source said.
Tshipi Manganese price, page-53
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