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
|
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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