Research

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

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October 2019 | Ferro-alloys


Manganese ore, alloys continue to fall; further price declines expected: Manganese Highlights


With large producers reportedly cutting offers throughout the month, Fastmarkets’ 37% manganese ore index fob Port Elizabeth has fallen to $3.30/dmtu from $4.06/dmtu a month ago and Fastmarkets’ 44% manganese ore index cif Tianjin has dropped to $4.52/dmtu from $5.47/dmtu.

Both high- and low-grade manganese ore prices plunged over the past month, with both traders and alloy smelters minimizing purchases in anticipation of even lower ore prices in coming weeks. This lack of purchasing activity is adding to the perception of ample supply in an already oversupplied market. Economic growth has been slowing in all the major regions of the world, further exacerbating the downward trend.

With large producers reportedly cutting offers throughout the month, Fastmarkets’ 37% manganese ore index fob Port Elizabeth has fallen to...

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