Hebei Iron & Steel Group (HBIS) hiked its October tender price for silico-manganese to 12,800 yuan ($1,979) per tonne, up by 4,150 yuan per tonne (48%) from that for September-delivery.
The sharp increase was attributed to lingering production restrictions among smelters caused by the electricity shortages and energy controls, as well as soaring futures prices.
Portside manganese ore markets trended upwards amid bullish sentiment fueled by alloy strength, while smelters showed a particular appetite for high-grade manganese ore under the electricity limitations.
Buoyant portside prices lent some support to seaborne manganese ore, with some miners lifting their offers for November shipment, while others...
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