Manganese ore and alloy prices have continued to slide in China due to deteriorating downstream demand, while prices also weakened in Europe and held in the United States.
Ore prices drop almost 5% in China Lower silico-manganese tenders squeeze smelter margins Indian alloy prices track ore lower European alloy prices weaken as prompt demand dries up US contract negotiations flush out competitive offers Chinese manganese ore and alloy prices continued lower on Friday April 27 due to lower offers from miners and a tender price cut by a large mill. Metal Bulletin's 44% manganese ore index, cif Tianjin dropped 1.64% to $7.78 per dry metric tonne (dmtu). Metal Bulletin's 37% manganese ore index, fob Port Elizabeth dropped 4.7% to $6.52 per dmtu. Metal Bulletin's 37% manganese ore index, cif China basis, down 4.9%, settling at $7.15 per dmtu. Hebei Iron and Steel set its latest monthly tender for silico-manganese at 7,700 yuan ($1,216) per tonne, 600 yuan per tonne lower than last month....