Seaborne manganese ore prices in China rose in the week ended Friday January 3 on support from reduced availability of material and improved sentiment after Hebei Steel increased its silico-manganese tender price by more than expected.
The markets for higher and lower grades of manganese ore on a cif China and fob Port Elizabeth basis increased for the fifth consecutive week after some miners limited the volumes available for delivery in February and Hebei Steel raised its purchase price for silico-manganese to 6,600 yuan ($944) per tonne - an increase of 650 yuan per tonne.Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose 21 cents week...