Low-grade manganese ore prices ticked up again on better demand, while thin trading knocked high-grade prices.
Low-grade prices rise againHigh-grade prices slideSilico-manganese holds in China, ferro-manganese stirs upwardHigh-carbon ferro-manganese ticks up in Europe, drops in United States Silico-manganese holds in Europe, US Low-grade manganese ore prices continued edging up on Friday November 9 on strong demand ahead of the year's end, while high-grade material slipped on thin trading. Fastmarkets MB's 37% Manganese Ore Index, fob Port Elizabeth moved up 3 cents to $6.08 per dmtu. Fastmarkets MB's 37% Manganese Ore Index, cif China rose 1 cent to $6.82 per dmtu. Metal Bulletin's 44% Manganese Ore Index, cif Tianjin lost 5 cents to $7.13 per dry metric tonne (dmtu). Market participants reported strong demand as the end of the year approaches, but said they do not expect to see strong price swings in the short term, adding that the suppliers' scope for price increases looks limited. "Some producers are trying to push the...