Seaborne and port manganese ore prices advance again on higher offers from miners and traders.
Manganese ore prices up due to higher offers Alloy prices rise in China on production cuts, low inventory levels Alloy prices hold in India, EuropeFerro-manganese prices drop in US, oversupply fears take holdManganese ore prices continued rising on Friday June 15 while miners hiked offer prices and traders stood firm, offering high-priced parcels in China's ports. Metal Bulletin's 44% manganese ore index, cif Tianjin climbed 16 cents to $6.79 per dry metric tonne (dmtu). Metal Bulletin's 37% manganese ore index, fob Port Elizabeth rose 11 cents to $5.63 per dmtu. Metal Bulletin's 37% manganese ore index, cif China basis gained 11 cents to $6.34 per dmtu. Traders with material already in ports are extremely reluctant to lower their offers because they are trying to avoid further losses on cargoes they bought at higher prices earlier in the year.A number of producers have yet to launch...