Thin alloy profits, high port inventories lower prices of manganese ore

‍‍Prices of manages ore across the Chinese markets extended their declines on Wednesday April 24th, due to thin profit margins and high ore inventories across ports.

Manganese ore prices in southern markets also fell even though local alloy producers stepped up operations. Higher operating rates across southern alloy producers drove trades across Qinzhou port to outperform Tianjin port.

We assessed prices of 6517# silico-manganese alloy in Inner Mongolia at 7,500 CNY/MT on acceptance, ex-factory, on Wednesday, unchanged from Tuesday.

Silico-manganese prices held steady as traders awaited the upcoming May purchasing tenders from steelmakers, which can provide some clues for the market.

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