Manganese ore prices rose in China this past week due to higher offers from producers, although few deals took place, especially for 44% manganese ore. The thin trading was attributed to resistant buyers, who preferred to take a wait-and-see stance on the direction of the market, according to sources.
As a result, Metal Bulletin's weekly manganese ore indices for the 37% and 44% products rose by 1.5-2.1% on Friday June 8 on slightly bullish market sentiment.
Higher ore prices in China from miners and traders seen Chinese silico-manganese prices ticks up but could softenMuted demand may weigh on stable Indian silico-manganese pricesLow demand brings down European silico-manganese pricesUS market stabilizes after recent declines Metal Bulletin's price index for 37% manganese ore cif Tianjin, China, rose by 13 cents to $6.23 per dry metric ton unit (dmtu).Metal Bulletin's index for 37% manganese ore fob Port Elizabeth, South Africa, ticked up by 8 cents to $5.52 per dmtu.Metal Bulletin's index for 44% manganese ore cif Tianjin increased by 13 cents to $6.63 per dmtu. This marked the first increase for the 44% index since the week ended March 23, which signaled that the market had bottomed...