GLOBAL MANGANESE WRAP: Ore surges; alloys strengthen in Europe, India; Chinese alloys flat
Manganese ore prices jumped last week, supported by strong demand in the steel sector, recent robust alloy prices in China and a summer draw-down in Chinese ore stocks.
The 37% index surged 11% from last week to $5.09 per dry metric tonne unit (dmtu) fob Port Elizabeth, its highest level since January. The 44% index climbed to $6.32, a 3% rise from the previous week.
- The 37% ore index jumped 11%
- Alloy trading thin in China; expectations strong ahead of holiday
- Indian silico-manganese prices hit fresh record high
- European alloy prices find strength after summer
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Manganese price chart looking healthy, page-18
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