Seaborne prices of both low- and high-grade manganese ore in China recorded strong gains in the week ended Friday February 7 alongside rising portside ore and alloy prices.
Domestic market sentiment was buoyed by Hebei Steel's silico-manganese purchase price for February which rose by 600 yuan ($85.70) month on month to 7,200 yuan per tonne. Hebei Steel is China's second largest steel mill and many silico-manganese market participants in China look to these tenders for price direction.The fob index is priced using a...