The European manganese alloys markets, currently trading around 13-year price highs, were likely to rise further - at least in the short term - due to firm fundamentals of tight availability and strong demand, Fastmarkets heard on Monday September 6.
Other factors such as an acute shortage of shipping containers and record high freight rates were also making replacement costs very expensive, while manganese metal prices at near-25-year peaks were seen to be cementing market strength in steel manganese alloys.Fastmarkets' price assessment for silico-manganese, lumpy, 65-75% Mn, basis 15-19% Si (scale pro rata), major European destinations, was ?,?1,580-1,630 ($1,877-1,936) per tonne on Friday, a level last reached in September 2008, while the price of high-carbon ferro-manganese, basis 78%...