Unseasonably strong demand in China propelled low grade manganese ore prices higher, while alloy markets flatlined everywhere but the United States.
Low grade manganese ore price gained 32 cents per dmtuHigh grade manganese ore prices lag Alloy prices static in China, India and EuropeAlloy prices strengthen in the US while supply tightens Low grade manganese ore prices kept rising on Friday February 16 as unseasonably strong demand continued right up until the Lunar New Year. Metal Bulletin's 37% manganese ore index, cif Tianjin rose 32 cents to $7.53 per dry metric tonne unit (dmtu). Metal Bulletin's 37% manganese ore index, fob Port Elizabeth rose 32 cents to $6.87 per dmtu."Buying continued right up until the last day before Chinese New Year, which is unusual," one miner told Metal Bulletin.Price performance from here will depend on the response to stock levels after the Lunar New Year, the source added. "People will come back from the holiday and stocks...