Manganese ore prices dropped as much as 8.4% in the past week amid deteriorating downstream demand.
Low-grade ore prices fall below $6 per dmtu High-grade ore prices drop more than 4% Chinese alloy prices weaken on poorer demand from mills Indian silico-manganese prices drop Alloy prices hold in Europe, United StatesManganese ore prices sustained heavy losses on Friday May 4 amid poor demand from China's alloy smelters, prompting miners to slash some offers to below $6 per dry metric tonne (dmtu). Metal Bulletin's 37% manganese ore index, fob Port Elizabeth plummeted 8.4% to $5.97 per dmtu on May 4, compared with $6.52 per dmtu a week earlier.Metal Bulletin's 37% manganese ore index, cif Tianjin slumped 7.7% to $6.60 per dmtu versus $7.15 per dmtu previously.Metal Bulletin's 44% manganese ore index, cif Tianjin dropped 4.1% week on week to $7.46 per dmtu.Manganese ore smelters in China have been cutting their ore purchase volumes because demand and prices for their own products are under pressure."Steel mills are...