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China Manganese Ore Market Movement (2012-10-25)

iconOct 25, 2012 18:01
Source:SMM
Offers of manganese ore were flat from a day earlier. Most traders were optimistic towards market outlook.

SHANGHAI, Oct. 25 (SMM) -- Offers of manganese ore were flat from a day earlier. Most traders were optimistic towards market outlook. Based on result of SMM survey, 60% players believe that manganese ore prices will rise by RMB 0.5-1/mtu.Orders for long-term contract were limited in November, with most orders placed by downstream alloy producers. Offers of Australian granule manganese ore increased in south China, but transactions were limited, as prices of this grade manganese ore was high.

No new arrivals will land south China ports. According to SMM sources, a batch of South African mixed carbonate ore and Australian granule will arrive in middle November. Most of these ore has been already ordered. In north China port, transactions were largely made by downstream ally producers, and traders took a cautious stance.


Origin
Grade
Oct.25 Price
(RMB/mtu)
Oct.24 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%
36.5-37
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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