Low grade ore prices rose strongly over the week ended Friday February 15 when some consumers accepted offer prices for March delivery that were increased over the Chinese New Year break.
Low-grade ore prices rise strongly High-grade ore price increase Ferro-manganese prices in China and US increase Alloys in Europe fall Silico-manganese prices in China, US and India drop Semi-carbonate manganese ore prices rose strongly last week in response as buyers returned to the market and restocked. Fastmarkets' 37% manganese ore index, fob Port Elizabeth, surged 27 cents to $5.54 per dry metric tonne unit (dmtu) on Friday February 15. Fastmarkets' 37% manganese ore index, cif Tianjin, rose 28 cents to $6.10 per dmtu. Fastmarkets' 44% manganese ore index climbed 10 cents to $6.53 per dmtu. There were no reported trades in 44% material but some producers raised their offer prices in response to improved sentiment in the market. One supplier noted a surge in semi-carbonate demand from consumers and said inquiries from traders had also increased. "There has been restocking from...