China Manganese Ore Market Movement (2013-2-22)_SMM

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Home / Metal News / Aluminium / China Manganese Ore Market Movement (2013-2-22)

China Manganese Ore Market Movement (2013-2-22)

Feb 22,2013 19:27

CST

price review forecast

Source:SMM

Global manganese ore producers are optimist towards economic outlook in China, and have positive expectation on Chinese market.

SHANGHAI, Feb. 22 (SMM) -- Overseas market: According to statistics from Statistics South Africa, manganese ore output in South Africa fell by 3.1% YoY, and output in December in South Africa fell 7.5% MoM. However, South Africa’s seasonally-adjusted manganese ore output index rose by 1.2% MoM, which is compared to 12% growth and 8.7% decline in November and October 2012 respectively. Carajás plant manganese ore output posted 523,000 mt in 4Q, up 5.3% on a quarterly basis, which was due to production resumption in 4Q. Urucum manganese ore output in 4Q reported the highest level since 1Q 2006, up 7.1% compared to 3Q, which was mainly due to commission of new equipment.

Domestic market: Based on SMM survey result, imports of manganese ore in north markets were brisk than those in north market. Mainstream prices of manganese ore in north market were RMB 2/mtu higher than in south market, leaving arbitrage opportunities, which attracted traders to ship goods to north market.

Transactions at port: Traders' willingness to keep prices firm is strong, and downstream alloy producers’ willingness to keep prices firm is strong, stagnating transactions. Transactions were still made in small amounts.

Global manganese ore producers are optimist towards economic outlook in China, and have positive expectation on Chinese market. They try to hike manganese ore prices by controlling manganese ore supply. Domestic manganese ore traders are also bullish towards manganese ore market outlook, but any growth will be limited in the short term.

Origin	Grade	Feb.22 Price (RMB/mtu)	Feb.21 Price (RMB/mtu)	Price Change	Region	Note
South Africa (high Fe, lump)	Mn32% Fe20%	38-38.5	38-38.5	→	Tianjin port
	Mn32% Fe20%	38.5	38.5	→	Qinzhou port
	Mn35-36% Fe18%	38.5	38.5	→	Qinzhou port, Zhanjiang port
	Mn35-36% Fe18%	38-38.5	38-38.5	→	Tianjin port, Lianyungang
South Africa (medium Fe, lump)	Mn45% Fe12%	39.5-40	39.5-40	→	Tianjin port, Lianyungang
South Africa (carbonate manganese ore, lump)	Mn38% Fe5%	41.5-43	41.5-43	→	Tianjin port, Lianyungang
South Africa (carbonate manganese ore, lump)	Mn38% Fe5%	41-41.5	41-41.5	→	Qincheng port, Fangchenggang port
South Africa	Mn38% Fe5%	-	-	→	Tianjin port
South Africa	Mn38% Fe5%	-	-	→	Zhanjiang port, Fangchenggang port
South Africa (fines)	Mn38% Fe5%	-	-	→	Tianjin port
South Africa (fines)	Mn38% Fe5%	-	-	→	Qinzhou port
Australia (lump)	Mn46%	45.5-46.5	45.5-46.5	→	Tianjin port, Lianyungang
Australia (lump)	Mn46%	45-46	45-46	→	Qinzhou port, Zhanjiang port
Australia (lump)	Mn48%	46.5-47	46.5-47	→	Tianjin port
Australia (lump)	Mn48%	46.5-47	46.5-47	→	Qinzhou port, Zhanjiang port
Australia (high Si, lump)	Mn36% Si20%	45.5-49	45.5-49	→	Tianjin port
Australia (medium Fe, lump)	Mn36-37% Fe16%	45-45.5	45-45.5	→	Tianjin port
Australia (medium Fe, lump)	Mn36-37% Fe16%	41.5-42	41.5-42	→	Qinzhou port
Australia (high Fe, lump)	Mn32% Fe20%	41-41.5	41-41.5	→	Tianjin port
Australia (granule)	Mn48%	-	-	→	Tianjin port, Lianyungang
	Mn48%	-	-	→	Qinzhou port
	Mn50%	-	-	→	Qinzhou port
	Mn50%	-	-	→	Tianjin port, Lianyungang
Australia (granule)	Mn44%	─	─	→	Tianjin port, Lianyungang
Australia (granule)	Mn44%	─	─	→	Qinzhou port, Zhanjiang port
Gabon (lump)	Mn44-45%	─	─	→	Tianjin port, Lianyungang
Gabon (lump)	Mn44-45%	─	─	→	Qinzhou port, Zhanjiang port
Brazil (lump)	Mn44-45%	44-44.5	44-44.5	→	Qinzhou port, Zhanjiang port
Brazil (lump)	Mn44-45%	42-43	42-43	→	Tianjin port, Lianyungang
Brazil (fines)	Mn44-45%	-	-	→	Tianjin port
Brazil (fines)	Mn44-46%	38-39	38-39	→	Zhanjiang port

China manganese ore market

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