GLOBAL MANGANESE WRAP: Ore prices keep rising, fuelled by SiMn futures
Manganese ore prices continued rising on Friday July 21 as a result of a rally in silico-manganese futures prices earlier on the week and a stronger steel sector.
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth rose 13 cents to $4.23 per dmtu.
- Manganese ore prices still advancing
- SiMn futures prices hit 2017 high
- US ferro-manganese prices high amid tight supply
- SiMn prices hold in India, Europe and the USA
Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 8 cents to $6.1 per dmtu.
Offer prices jumped in Chinese ports and miners tested the market with higher seaborne offers as rising silico-manganese futures prices prompted a flurry of demand between Monday and Wednesday.
"Port prices increased further this week. Although trade is not very active, market confidence has improved in line with the strong silico-manganese futures performance as well as the robust steel market," a trader in Shanghai told Metal Bulletin.
Tshipi Manganese price, page-74
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