Low grade manganese ore prices clawed back some recent losses on Friday April 6, boosted by producer offers at pre-Easter levels.
Low grade prices rebound after sharp decline High grade prices keep sliding Chinese domestic alloy prices hold during QingmingMetal Bulletin's 37% manganese ore index, cif Tianjin rose 17 cents to $8.06 per dry metric tonne unit (dmtu). Metal Bulletin's 37% manganese ore index, fob Port Elizabeth rose 15 cents to $7.37 per dmtu. Low grade prices had fallen sharply the previous week due to some low offer prices being reported, but most miners had been out of the market due to the Easter holidays. Once those producers returned to the market, some of them continued to offer at pre-Easter levels, meaning there was a wide range on sales prices, offsetting part of the previous week's drop. Still, some high offers launched earlier in the week looked outdated later, one source at a miner told Metal Bulletin. "We are starting to see that anticipated drop-off in price. Earlier in the...