The high-grade manganese ore index fell on Friday March 22 after sellers re-entered the market offering at a price stable with last month; in alloys, the Chinese ferro-manganese price rose following the recent recovery in the country's silico-manganese market.
44% manganese ore index retreats after previous climbDeals for 37% material concluded at higher levelsSilico-manganese prices rise in ChinaAlloys stable in EuropeUS alloy prices bolstered by tight supplies High-grade manganese ore prices retreated in the week ended March 22, giving back gains recorded in the prior week. Fastmarkets' 44% manganese ore index, cif Tianjin, stood at $6.36 per dmtu on March 22, down by 22 cents per dmtu from $6.58 per dmtu on March 15.The week-on-week fall brings the index back to a similar level it had been at in early March; the index was calculated at $6.39 per dmtu on March 1.Producers of 44% ore tend to go to market once per month and prices rose in the week ended March 15 when a producer raised its offer. In the latest pricing session, another producer returned to the market and offered material...