Manganese ore markets gained on higher offers from miners, while alloy prices dropped in China, capping ore market sentiment.
Ore prices jump by up to 20 cents per dmtu Silico-manganese spot prices weaken in China Indian silica-manganese market weakens European alloy prices steady US manganese alloy prices largely stable in dormant spot marketManganese ore prices jumped in the week ended Friday September 28 due to higher offer prices from some miners.Fastmarkets MB's 44% manganese ore index, cif Tianjin, surged 20 cents per dry metric tonne over the past week to $7.29 per lb per dmtu on September 28.Fastmarkets MB's 37% manganese ore index, cif China, rose 17 cents per dmtu to $6.85 per lb per dmtu on the same day.And Fastmarkets MB's 37% manganese ore index, fob Port Elizabeth, increased 15 cents per dmtu week on week to $6.16 per dmtu on September 28. Despite higher seaborne prices, markets were relatively quiet while Chinese participants wound down their activities ahead of their country's weeklong break to mark National...