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

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November 2019 | Ferro-alloys

Manganese alloy prices still declining with little upside seen: Manganese Highlights

While Chinese portside low-grade manganese ore prices did rise for the first time since August on November 15 by RMB0.40/dmtu week on week to RMB34.10 ($4.57)/dmtu, prices remained 27.2% lower than in early September.

Prices for both manganese ore and manganese alloys exhibited across-the-board month-on-month price declines and are likely to continue to weaken through the end of the year and into early 2020. Slower global economic growth, continued uncertainty and trade tensions have had a dampening effect upon global crude steel production. In fact, according to the latest data from the World Steel Association (Worldsteel), global steel output declined 2.8% year on year in October. Manganese ore prices have been hampered by lingering oversupply and high stocks at the major...


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