GLOBAL MANGANESE WRAP: Low-grade ore prices rise after November offers dry up; European market weakens

November 07, 2018 / www.metalbulletin.com / Article Link

Low-grade manganese ore prices got a boost in the week ended Friday November 2 after buyers were caught between the end of November's offers and the start of December's.

Low-grade manganese ore prices rise in China amid a lack of offersHigh-grade manganese ore index slidesChinese manganese alloy prices largely steadySilico-manganese quotation drops in EuropeUS alloy price holds in quiet marketLow-grade manganese ore prices ticked up modestly on Friday after a number of suppliers sold out of November allocations. Fastmarkets' 37% manganese ore index, cif China, gained 5 cents to $6.81 per dry metric tonne (dmtu). Fastmarkets' 37% manganese ore index, fob Port Elizabeth, moved up 5 cents to $6.05 per dmtu. Conversely, Fastmarkets' 44% manganese ore index, cif Tianjin, edged down 2 cents week on week to $7.18 per dmtu on Friday. Seaborne trading was thin due to producers having finished November sales and it being too early to start offering...

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