GLOBAL MANGANESE SNAPSHOT: Strong China alloy, portside markets support cif prices

December 05, 2020 / www.metalbulletin.com / Article Link

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 4.


China

Seaborne manganese ore prices of both grades rose after miners successfully sold their January shipments at flat offer prices following a rise in the portside ore market and despite high inventories. Portside manganese ore prices of both grades ticked up after traders raised their offer prices amid improved buying interest from alloy smelters and the strengthening futures alloy market. China's spot price for silico-manganese found support from the futures market while comparatively low alloy stock levels...

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