Manganese ore prices have climbed higher in the past week, extending a run higher on relatively tight spot availability and consumer demand in China ahead of the week-long national holiday beginning on February 15.
Manganese ore markets eye price increases on tight availability and Chinese demandEuropean alloys market extends trend of stable pricesUS silico-manganese prices tick higher Manganese ore producers are increasingly forecasting stable or higher prices in the coming weeks despite earlier expectations of a slide in prices around Chinese New Year in mid-February. "Inventories are at a very low level," one miner source told Metal Bulletin. "For now, as long as inventories don't start building and there is no change in sentiment, we don't believe there will be a turnaround in prices." "We feel the we could have a relatively strong full first quarter and even second quarter," the source added. All data points reported from miners to Metal Bulletin were $6.80-7.00 per dry metric tonne unit (dmtu) for low-grade material. China manganese ore market looks bullish after holiday Manganese ore prices increased in the past week...