GLOBAL MANGANESE SNAPSHOT: Chinese portside market softens ahead of mill's July purchase prices

July 03, 2021 / www.metalbulletin.com / Article Link

Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.

ChinaSeaborne low-grade manganese ore prices were little changed in the week to July 2, while the market for high-grade manganese ore strengthened again after buyers accepted elevated prices for August-shipment material which was first offered late last week.Portside market softened with buying activity stalled ahead of major mills' release of July silico-manganese purchase prices.Bearishness emerged after the silico-manganese futures prices dropped Thursday and Friday with several major steelmakers' intention to lower their production in the second half of this year.The spot silico-manganese market, however, stayed intact with suppliers quoting firm offer prices...

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