Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2019 | Ferro-alloys


Most manganese alloys follow ore prices down: Manganese Highlights


Just over the past month Fastmarkets MB’s 37% manganese ore index fob Port Elizabeth fell 9.3% to $4.99/dmtu from $5.50/dmtu and Fastmarkets MB’s 44% manganese ore index cif Tianjin moved down 6.5% to $6.46/dmtu from $6.91/dmtu last month.

Prices of both high- and low-grade manganese ore continued to dive over the past month with expectations that further declines are likely, especially if the Chinese economy, and therefore Chinese demand for steel and steel raw materials including manganese alloys, continues to weaken at the time as there is ample ore supply. The International Manganese Institute recently reported that global manganese ore supply was up 12.8% year to date through November.

Just over the past month Fastmarkets MB’s 37% manganese ore index fob...

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