The Indian silico-manganese export price range fell 6% last week after export sales have been declining since the start of May when suppliers pushed prices higher, in line with stronger manganese ore prices and after manganese alloys production was slashed in India, Fastmarkets heard.
In Europe, high-carbon ferro-manganese and silico-manganese market prices also eased amid quiet spot activity and lower-priced deals, sources said."The higher offer prices got some deals done between $1,050 and $1,100 per tonne and there were even some offers as high as $1,150 per tonne," one Indian trade source said. "But there was no follow-through buying after that initial demand and...