Prices for manganese ore imported into China on an fob basis ticked upward in the pricing session that ended on Friday October 26, while trading activity started to pick up in China before the onset of winter.
High- and low-grade manganese ore prices showed modest increases Manganese ore grade prices in China ticked upward Falling bids weigh on Indian silico-manganese prices US focuses on long-term alloy contracts in overstocked market European, Chinese ferro-manganese prices stable European, US, Chinese silico-manganese prices unchanged.Steel mills in China were heard to be procuring higher volumes of ferro-alloys before winter, when unfavorable weather conditions could hinder the movement of supplies.Fastmarkets' 44% manganese ore index, cif Tianjin, edged up by $0.04 dry metric tonne unit (dmtu) week on week to $7.20 per dmtu on October 26.Customer demand in China was very strong at this price, giving evidence of support for higher prices, one market participant said.Higher grade manganese ore has been on a steady upward price trend since early June. The Fastmarkets 44% index has risen by 10.8% since it was $6.50 per lb on June 1 this year."We may finish the...