Low grade manganese ore prices rebounded in China after recent low prices attracted fresh consumer appetite and trader interest.
Low grade ore prices up nearly 3%High grade prices slide slightlyAlloy prices slide in China and IndiaAlloy prices stable in EuropeFerro-manganese prices hold in United States as silica-manganese weakens.Low grade manganese ore prices ended their two-month slide on Friday May 25, rising 2.8% due to buyers returning to the market. Metal Bulletin's price index for 37% manganese ore, cif Tianjin, China, rose 15 cents to $6.09 per dry metric tonne unit (dmtu). Metal Bulletin's price index for 37% manganese ore, fob Port Elizabeth, South Africa, rose 15 cents to $5.45 per dmtu. Metal Bulletin's price index for 44% manganese ore cif Tianjin, China, slipped 3 cents to $6.52 per dmtu. Metal Bulletin reported last week that prices had fallen to a level that started to entice restocking and fresh positioning by traders. "Chinese buyers want to build up their stocks before the next...