Representatives from Chinese manganese alloy smelters will meet this week to discuss silico-manganese tender prices, market sources told Fastmarkets.
The meeting is understood to be aimed at keeping the manganese market stable, market sources added. "We want to keep our prices stable so that the market is sustainable for everyone," a silico-manganese producer told Fastmarkets.Others noted that silico-manganese tender prices will have a knock-on effect on manganese ore prices."Prices of silico-manganese will dictate the domestic prices of manganese ore at the ports which will ultimately have an effect on seaborne manganese ore prices," a trader said.Manganese ore prices have been largely stable in the second...