Imported Manganese ore offer prices to India remained relatively stable for last two months, with minor fluctuations in pricing. However, market participants believe that the prices may rise for offers to be made in May.
Prices for Australian Lumps, Mn 46%, Fe 5%, are unchanged at USD 7/dmtu CIF India. South African Carbonate Ore (Lumps, Mn 37-38%)are being offered at USD 6.25/dmtu CIF India and Manganese ore Lumps, Mn 44%, Fe 5%, Gabon is offered at USD 6.4/dmtu for May shipments.
In India, the demand for Silico Manganese remained fairly moderate, but the offering prices gap is widened due to some suppliers maintaining their high levels and a few lowering the prices to entice buyers. Producers in India feel that the demand of Silico Manganese may rise from the South East Asia in the near future and the prices may strengthen for the ores.
On the future outlook, SteelMint learned that the global miners are trying to push prices upwards. Meanwhile, there is also an undercurrent in the market and the Manganese Ore prices are likely to go up in May offerings (June Shipments) with expectations of better demand from China.
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