An oversupply of manganese ore weighed on seaborne manganese ore prices cif China, causing some producers to make multiple lower offers to attract business in the week ended Friday October 11.
Sharp fall in ore prices dampens buying appetite China portside ore prices continue to drop Alloy prices in China fall on muted buying Indian alloy market slides, but floor appears European suppliers cut alloy offer prices US silico-manganese prices tumble amid global pressure Prices of high- and low-grade manganese ore in China continued to trend downward last week amid aggressive offers in response to deteriorating interest from buyers who anticipate further price dips in the coming weeks. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin tumbled by 25 cents week on week to $4.41 per dry metric tonne unit (dmtu) on October 11. Fastmarkets' corresponding assessment for manganese ore 37% Mn, fob Port Elizabeth dropped by 27 cents week on week to $3.59 per dmtu. The same day, Fastmarkets' price for manganese ore 44% Mn, cif Tianjin also fell by 27 cents week on week to $4.83 per dmtu. Oversupply in the...