GLOBAL MANGANESE WRAP: Thin trading activity leaves manganese...

GLOBAL MANGANESE WRAP: Thin trading activity leaves manganese prices largely stable
Global manganese alloy and ore markets were broadly stable last week, with trading activity remaining subdued following the Lunar New Year holiday.
Chinese manganese markets rangebound on thin trading due to holiday period EU alloys continue to be supported by strong ore markets US manganese alloys hold firm on consolidated supplies Manganese ore prices little changed amid thin trading Manganese ore prices were little changed in the week to Friday February 23 amid quiet trading conditions, with most Asian participants out of the market due to the Lunar New Year break. Metal Bulletin’s 37% manganese ore index inched two cents lower to $6.85 per dry metric tonne (dmtu), fob Port Elizabeth, on Friday. The 44% manganese ore index was calculated at $7.52 per dmtu, cif Tianjin, up by just one cent compared with a week ago. A new index launched by Metal Bulletin on February 2, which assesses 37% manganese ore on a cif China basis, was calculated at $7.51 per dmtu on Friday, down two cents from the prior week. Still, market participants expressed bullishness.