Manganese ore prices to rise in first qtr.
Dec 28, 2012 | 11:37 AM
| Janie Davies
LONDON Global manganese ore prices will continue to rise in the first quarter on strong Chinese demand, tighter supply and low inventories, market participants predict.
"Its certainly firming and there is a tightness," one trader told AMM sister publication Metal Bulletin. "Well continue to see an increase over the first quarter. Theres a high level of Chinese consumption and I think in (the second half of 2012) people priced in too much negativity."
Metal Bulletins index price for 38-percent manganese ore f.o.b. South Africa rose to $4.06 per dry metric ton unit (dmtu) of metal contained on Dec. 21 from $3.94 the previous week and a fourth-quarter low of $3.77 in mid-October. Metal Bulletins index price for 44-percent manganese ore c.i.f. Tianjin was $5.13 per dmtu of metal contained, down slightly from $5.15 a week earlier but well above the fourth-quarter low of $4.91 in October. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.