EU electrolytic manganese prices remain high

Rising freight rates from Asia and high production costs provide European EMM sellers with an opportunity to continue raising prices.

Prices of EMM (99.7%Mn) on the European domestic market have risen again to $2040-2100/t FCA Rotterdam (from $1970-2000/t FCA a week ago). As before, the main reason for the price increase is high costs, especially the 80% increase in manganese ore prices in the Chinese market since the end of March. Another factor supporting the upward trend is the increase in freight rates, which is caused by the shortage of containers in Asia. As a result, offers from China soared to $1980-2050/t CIF, compared to $1960/t CIF previously.

However, despite the continuous and likely continued increase in prices, European consumers are quite reluctant to buy new batches of the alloy.