Manganese ore prices continued to exhibit strength on thinning supplies last week, while Chinese alloy markets felt pressure from slowing demand.
Tightening supplies drive ore prices upward Sluggish demand weakens Chinese alloy prices EU alloy markets remain firm in quiet market US alloy prices continue to run on cold-weather-related tightnessOre prices edge higher on tightening suppliesManganese ore prices edged higher last week in response to tightening supplies as buyers sought to conclude their purchasing ahead of the Chinese New Year holiday in mid-February. Metal Bulletin's 37% manganese ore index rose by 3% week on week to $6.09 per dry metric tonne unit (dmtu), fob Port Elizabeth on Friday January 26.The 44% manganese ore index was calculated at $6.95 per dmtu, cif Tianjin, up by 1.2% compared with a week ago."I'm pretty much sold out. I've got a few thousand tonnes to sell but I want to wait until after the Chinese New Year now," a producer source told Metal Bulletin. "There's lots of inquiries, but I have no material to...