Home / Metal News / Copper / China Manganese Ore Market Movement (2012-10-24)
China Manganese Ore Market Movement (2012-10-24)
Oct 24,2012 15:42CST
price review forecast
Source:SMM
Cargo-holders began to move Brazil lump (Mn 45%) in north ports, with offers largely between RMB 36-36.5/mtu. Cargo-holders in Zhanjiang already moved Australia lump at Zhanjiang port.

SHANGHAI, Oct. 24 (SMM) --  Inquiries of mainstream manganese ore were relatively brisk, but cargo-holders’ attitude towards manganese ore price outlook was mixed. In south China, SiMn alloy producers’ willingness to move goods increased due to anticipation of possible electricity price hike. However, according to market players, most alloy producers still faces risks to suffer losses. Arrivals of goods at ports were limited recently. Most manganese ore cargo-holders believe that manganese ore prices may be under value. According to SMM sources, supported by purchasing costs and traders’ bullish expectation, spot manganese ore prices will continue to advance in the future.

Cargo-holders began to move Brazil lump (Mn 45%) in north ports, with offers largely between RMB 36-36.5/mtu. Cargo-holders in Zhanjiang already moved Australia lump at Zhanjiang port.


Origin
Grade
Oct.24Price
(RMB/mtu)
Oct.23Price
(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%
36.5-37
36.5-37
Tianjin port, Lianyungang port
 
Mn38% Fe5%
38
38
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%
40.5-41
40.5-41
Tianjin port, Lianyungang port
 
Mn46%
40-40.5
40-40.5
Qinzhou port, Zhanjiang port
Australia (lump)
Mn48%
41-41.5
41-41.5
Tianjin port
 
Mn48%
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
38-39
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%
36.5-37
36.5-37
Qinzhou port
Mn50%
37
37
Qinzhou port
 
Mn50%
37-39
37-39
Tianjin port, Lianyungang port
Australia (granule)
Mn44%
38-39
38-39
Tianjin port, Lianyungang port
 
Mn44%
38-39
38-39
Qinzhou port, Zhanjiang port
Gabon (lump)
Mn44-45%
37
37
Tianjin port, Lianyungang port
 
Mn44-45%
Qinzhou port, Zhanjiang port
Brazil (lump)
Mn44-45%
38.5
38.5
Qinzhou port, Zhanjiang port
 
Mn44-45%
38-38.5
38-38.5
Tianjin port, Lianyungang port
Brazil (fines)
Mn44-45%
33
33
Tianjin port
Mn44-46%
 
 
 
Zhannjiang port

 

 

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