Manganese alloy prices decrease again in China amid thin buying and deteriorating sentiment over rising stocks, Fastmarkets learned.
Import and port manganese ore prices down in China Silico-manganese weakens, lower tenders expected Indian silico-manganese price range narrows on higher offers European alloy prices hold US manganese alloys slideManganese ores prices weakened in China on Friday April 26 amid thinner trading conditions after most buyers returned to the market sidelines after completing May purchasing. Fastmarkets' 44% manganese ore index, cif Tianjin, was at $6.41 per dry metric tonne unit (dmtu) on April 26, down $0.01 from April 23. Fastmarkets' 37% manganese ore index, fob Port Elizabeth, also dropped 1 cent from April 23 to reach $5.40 per dmtu on April 26.While Fastmarkets' 37% manganese ore index, cif Tianjin came in at $6.08 per dmtu, also down $0.01 from April 23. Some miners' attempts to roll over May prices resulted in limited trades due to strong resistance from buyers who cited falling port prices and high inventories. At least...