Manganese Ore Prices Steady on Back of Miner-Buyer Standoff

Metal Bulletin reported that manganese ore prices are holding today as large miners not keen on cutting prices and Chinese buyers not willing to pay those prices continue their standoff.

As quoted in the market news:

Metal Bulletin’s index price for 38% manganese ore, fob Port Elizabeth, held at $3.85 per dry metric tonne unit (dmtu).  Metal Bulletin’s index price for 44% manganese ore, cif Tianjin, held at $5.11 per dmtu.  Chinese traders and buyers say they do not need to import material when ore already in the country trades at lower numbers than miners are offering.

Click here to read the full Metal Bulletin report.