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BHP Quotes Manganese Ore Flat

iconOct 11, 2012 19:19
Source:SMM
BHP quoted offers flat and demand from downstream alloy producers did not improve, fueling pessimistic sentiment in the market.

SHANGHAI, Oct.11 (SMM) – Inquiries for imported manganese ore were quiet and transactions were lackluster. Small and medium traders at south and north ports kept inventories low and adopted a wait-and-see attitude. BHP quoted offers flat and demand from downstream alloy producers did not improve, fueling pessimistic sentiment in the market.

Supply of imported manganese ore (Australia, lump, Mn 48%), ore (Australia, granule, Mn 45%) and ore (Brazil, lump Mn 44-45%) reduced significantly. Inquires for such grade manganese were brisk, but traders suffered losses to move them at current low prices. Supply of mixed manganese carbonate ore (South Africa, Mn 38%) were relatively ample, but labor strike added uncertainties of supply in the future. Supply of manganese ore (Australia, lump, Mn 48%), ore (Australia, granule, Mn 45%) were in shortage and offers of these ores were as high as RMB 38/mtu. However, transactions were muted based on SMM sources.


 Origin
Grade
Oct.11 Price
(RMB/mtu)
Oct.10 Price
(RMB/mtu)
Price Change
Region
Note
South Africa
(high Fe, lump)
Mn32% Fe20%
38
38
Tianjin port
 
Mn32% Fe20%
38
38
Qinzhou port
Mn35-36% Fe18%
38-38.5
38-38.5
Qinzhou port, Zhanjiang port
 
Mn35-36% Fe18%
38.5
38.5
Tianjin port, Lianyungang port
South Africa
(medium Fe, lump)
Mn45% Fe12%
39
39
Tianjin port, Lianyungang port
 
South Africa (carbonate manganese ore, lump)
Mn38% Fe5%
36.5
36.5
Tianjin port, Lianyungang port
 
Mn38% Fe5%
37-37.5
37-37.5
Qincheng port, Fangchenggang port
South Africa
Mn38% Fe5%
35.5-36
35.5-36
Tianjin port
 
Mn38% Fe5%
35.5-36
35.5-36
Zhanjiang port, Fangchenggang port
South Africa (fines)
Mn38% Fe5%
34-34.5
34-34.5
Tianjin port
 
Mn38% Fe5%
33-33.5
33-33.5
Qinzhou port
Australia (lump)
Mn46%
40-40.5
40-40.5
Tianjin port, Lianyungang port
 
Mn46%
40
40
Qinzhou port, Zhanjiang port
Australia (lump)
Mn48%
41
41
Tianjin port
 
Mn48%
40.5-41
40.5-41
Qinzhou port, Zhanjiang port
Australia (high Si, lump)
Mn36% Si20%
40
40
Tianjin port
 
Australia (medium Fe, lump)
Mn36-37% Fe16%
39.5-40
39.5-40
Tianjin port
 
Australia (medium Fe, lump)
Mn36-37% Fe16%
38-39
39
↓0.5
Qinzhou port
 
Australia (high Fe, lump)
Mn32% Fe20%
38.5-39
38.5-39
Tianjin port
 
Australia (granule)
Mn48%
39
39
Tianjin port, Lianyungang port
 
Mn48%
36-36.5
36-36.5
Qinzhou port
Mn50%
37
37
Qinzhou port
 
Mn50%
37
37
Tianjin port, Lianyungang port
Australia (granule)
Mn44%
37.5-38
37.5-38
Tianjin port, Lianyungang port
 
Mn44%
37.5-38
37.5-38
Qinzhou port, Zhanjiang port
Gabon (lump)
Mn44-45%
37
37
Tianjin port, Lianyungang port
 
Mn44-45%
36.5-37
36.5-37
Qinzhou port, Zhanjiang port
Brazil (lump)
Mn44-45%
38-38.5
38-38.5
Qinzhou port, Zhanjiang port
 
Mn44-45%
37.5-38
37.5-38
Tianjin port, Lianyungang port
Brazil (fines)
Mn44-45%
38
38
Tianjin port
Mn44-46%
38
38
Zhannjiang port

 

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