Seaborne manganese ore prices held steady over the past week, while alloy prices weakened in China in anticipation of smelter restarts.
Manganese ore prices gain a few cents week on week Chinese alloy prices weaken as market awaits Ningxia restarts Silico-manganese prices rise in India on rupee and steel sector strength European alloy prices rise on tighter prompt availability US silico-manganese prices bolstered by improved demand, overseas strength Manganese ore prices withstood weaker sentiment on Friday January 5, finishing the week largely stable as silico-manganese prices slipped lower. Metal Bulletin's 44% manganese ore index, cif Tianjin, gained 4 cents to $6.92 per dry metric tonne unit (dmtu).Metal Bulletin's 37% manganese ore index, fob Port Elizabeth, gained 1 cent to $5.80 per dmtu, equivalent to $6.50 on a cif basis."I still think the market is pretty stable; it's very quiet. I have been starting to get inquiries the last couple of days but miners are still waiting for shipping slots," one producer told Metal Bulletin.While the seaborne market was quiet, spot...