Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids.
Low-grade ore prices dip amid aggressive smelter bidsHigh-grade ore prices keep risingSpot silico-manganese prices weaken in ChinaAlloy prices hold in Europe and IndiaUS refined manganese alloys bolstered by shipping issues Manganese ore markets showed signs of faltering on Friday March 16, after low grade fob-based prices inched lower amid a consumer backlash against rallying prices. Metal Bulletin's 37% manganese ore index, fob Port Elizabeth fell 5 cents over the past week to $7.52 per dry metric tonne unit (dmtu) on Friday, the first decline since February 23. Metal Bulletin's 37% manganese ore index, cif Tianjin stood at $8.21 per dmtu, up 1 cent from a week earlier.Metal Bulletin's 44% manganese ore index, cif Tianjin rose 15 cents week on week to $8.78 per dmtu on Friday. Chinese manganese alloy smelters launched aggressive bids for material, saying they cannot absorb the continuous...