GLOBAL MANGANESE WRAP: Ore prices falter in thin trading; alloy prices remain strong
Manganese ore prices stabilised last week, dipping slightly amid thin trading, as alloy prices rose in various regions.
- Ore prices dip after weeks of rallying
- Chinese silico-manganese prices hold
- Chinese ferro-manganese prices edge higher
- Alloy prices strong in USA, India and Europe
- US supply remains tight
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth dropped 4 cents to $4.55 per dmtu, recording its first decrease in five weeks.
Metal Bulletin’s 44% manganese ore index, cif Tianjin dropped 3 cents to $5.73 per dmtu.
The dramatic manganese ore market rally of the past few weeks took prices to more than double their levels in March.
The market appeared to pause for breath as trading volumes dropped ahead of global holidays.
Manganese prices keep rising, OMH profit UP, page-4
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