Manganese ore producers reduced their offer prices to attract business in the week ended Friday September 27 after buyers either delayed or cut their bids prior to China's week-long National Day holiday (October 1-7).
Low demand softens seaborne and port manganese ore markets Weak buying interest weighs on alloy in China Alloy sellers in India lower offer prices Alloy prices in Europe soften further, stable in United States Manganese ore prices continued to fall last week after miners cut offers further and buyers launched aggressive counter bids. Fastmarkets' manganese ore index 37% Mn, cif Tianjin dropped 14 cents to $4.68 per dmtu, which was a record low since the index was launched in January 2018. Fastmarkets' manganese ore 37% Mn, fob Port Elizabeth dropped 14 cents to $3.80 per dry metric unit, its lowest price since February 2017. Fastmarkets' manganese ore 44% Mn, cif Tianjin dropped 7 cents to $5.12 per dmtu, its lowest level since March 2017. "I'm below bearish, if that's a thing. I was chasing one supplier for weeks trying to get him to offer me a price; he wouldn't sell and now he's...