GLOBAL MANGANESE SNAPSHOT: Low-grade seaborne ore market weakens amid lower port, SiMn prices

January 30, 2021 / www.metalbulletin.com / Article Link

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 29.


China

Sentiment among buyers has been dampened by falling silico-manganese futures prices and a smaller-than-expected increase in Hebei Iron & Steel's February purchase price for alloy, accompanied by a reduction in the tonnage the mill plans to procure.The portside market registered sparse trading activity amid subdued spot buying interest, and seaborne low-grade manganese ore prices softened with deals concluded at lower prices.Producers shared the general bearish sentiment and noted resistance to their...

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