Saturday, November 27, 2021

Seaborne manganese ore markets hit six-month high - Metalbulletin.com

Last updated Monday, October 18, 2021 09:01 ET , Source: NewsService

Low-grade achieves higher prices
South African producers offered semi-carbonate for November shipment at higher prices after the Golden Week holiday (October 1-7).
Fastmarkets’ calculated the manganese ore index, 37% Mn, cif Tianjin at $4.74 per dmtu on Friday, up by 15 cents per dmtu (3.3%) from $4.59 per dmtu the previous week.
Strong restocking demand and easing electricity restrictions in the manganese alloy producing areas of Inner Mongolia and Guangxi supported demand.
“It will be interesting [to see] if this is merely restocking after the holiday or part of a larger trend due to increased consumption,” a producer said.
Traders in China had improved buying appetite due to optimism about a further price gain in the portside ore market.

“Current offers in the seaborne market came slightly higher than the port markets, but unlike previously in the markets where no positive signs...

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