Some producers in the global manganese market successfully increased their offer prices for low-grade manganese ore in China following a fall in stocks and reports of a drop in import volumes in June.
Low-grade ore price into China increases High-grade material pares previous week's gains Ore stocks in China fall SiMn in-whs China prices tick down; stable in India, US High carbon FeMn market weakensLow-grade seaborne manganese ore prices rose for the fourth consecutive week on Friday July 19 amid expectations of falling import flows in June and declining portside inventories.Fastmarkets' manganese ore 37% Mn, cif Tianjin, index rose $0.14 per dry metric tonne unit (dmtu) week on week to reach $5.63 per dmtu on Friday.Fastmarkets' manganese ore 37% Mn, fob Port Elizabeth, index, climbed $0.13 over the week to hit $4.83 per dmtu on July 19.The rise in the low-grade manganese ore market was partly due to producers' holding prices firm when selling the majority of their August-delivery cargoes."I heard that many miners have sold almost all of their August-delivery cargoes and with limited selling pressure now, I feel they won't...