Manganese ore markets recorded further losses on Friday April 20 amid deteriorating sentiment around Chinese alloy and steel demand, while European alloy prices maintained current levels on sufficient stocks.
Ore prices keep sliding on weaker alloy, steel demandSilico-manganese prices drop in ChinaIndian silico-manganese tracks ore lowerEuropean alloy prices remain steadyUS silico-manganese prices firm on Russian sanctions uncertainty Manganese ore prices continued their descent on Friday April 20 after miners cut offers further amid weakening downstream markets in China. Metal Bulletin's 44% manganese ore index, cif Tianjin fell 22 cents to $7.91 per dry metric tonne (dmtu) on Friday. Metal Bulletin's 37% manganese ore index, fob Port Elizabeth plunged 37 cents to $6.84 per dmtu. And Metal Bulletin's 37% manganese ore index, cif China, also dropped 37 cents to $7.52 per dmtu. Producer offers for 37% manganese ore on a cif basis in China were reported as low as $7.40 per dmtu for late May deliveries. Offers for 44% manganese ore were heard at $7.88-8.10 per dmtu and the higher offers failed to...