Prices for low-grade and high-grade manganese ore continued to diverge over the past week, with those for lower-grade material falling while quotations for higher-grade ore rose on the back of last-minute trades concluded at higher prices.
Low grade ore prices slide while higher grade rises Chinese silico-manganese prices strengthen Indian silico-manganese prices dip at low end Silico-manganese prices into Europe remain stable US ferro-manganese prices soften High-grade manganese ore prices rose by 1.5% in the week ended Friday July 27 after an uptick in demand for August-delivery cargoes resulted in business transacting at higher levels. Metal Bulletin's 44% manganese ore index, cif Tianjin, rose 10 cents per dry metric tonne unit (dmtu) to $6.94 per dmtu. Meanwhile, lower demand for semi-carbonate 37% manganese ore caused prices for this material to weaken over the past week. Metal Bulletin's 37% manganese ore index fell 8 cents to $5.91 per dmtu fob Port Elizabeth. Metal Bulletin's 37% manganese ore index, cif Tianjin, dropped 8 cents to $6.56 per dmtu. The high-grade ore market was buoyed by a trade at $7 per dmtu, while an offer heard at $7-7.05 per dmtu...