GLOBAL MANGANESE WRAP: High-grade ore price rally continues as low-grade pauses
High-grade manganese ore prices continued rising on Friday June 9, as low-grade prices held and manganese alloys staged a mixed performance across global regions.
• 44% manganese ore index rises 10 cents
• 37% manganese ore index holds
• Chinese alloy prices drop
• Ferro-manganese strong on tight supply in USA
• Alloy prices stable to firm in India and Europe
Metal Bulletin's 44% manganese ore index, cif Tianjin climbed 10 cents to $6.14 per dmtu.
Metal Bulletin's 37% manganese ore index, fob Port Elizabeth was calculated at $4.62 per dmtu, stable week-on-week. This is equivalent to $5.16 per dmtu cif Tianjin.
Strength remained in the higher-grade market, as several deals were transacted above $6 per dmtu.
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