February 2017 | Ferro-alloys
The rate of decline in manganese ore prices has been extreme over the past month: Latest Analysis
Ferro-chrome prices have continued to retreat this month and there are the first indications that chrome ore prices may now be heading lower as well.
The rate of decline in manganese ore prices has been extreme over the past month, but largely in line with MBRs forecasts. We were forecasting Metal Bulletins 44% manganese ore cif Tianjin index to average $5.50/dmtu in February, and for the month-to-date, the index is averaging $5.15/dmtu. In the past week, the index has plunged to $4.72/dmtu from $6.92/dmtu...
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