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China Manganese Ore Market Movement (2013-2-25)
Feb 25,2013 19:39CST
price review forecast
Source:SMM
SMM believes that manganese ore prices will continue to hover at high level and possibility for prices to fall in the short term is small.

SHANGHAI, Feb. 25 (SMM) – Overseas market: According to news from Bloomberg, South African President Jacob Zuma plans to levy mining royalty in order to curb the rising property rate.

Domestic market: At present, demand from downstream alloy producers was sluggish. Although traders tried to kept offers firm and hold back goods, they still have doubt whether the high prices for manganese ore will be sustainable. Traders were not eager to place long-term contract, and wait-and-see sentiment prevailed in the market. According to SMM sources, traders' purchasing interest for non-mainstream manganese ore was relatively strong, but risks for purchasing non-mainstream manganese ore is high considering the uncertainties of shipping, quality and acceptance of non-mainstream manganese ore. 

Transactions: According to SMM sources, transactions were relatively sluggish. Although alloy producers purchased in north China purchased manganese ore from south China due to lower prices in south, such purchasing will be only be short-term behaviors.

SMM believes that manganese ore prices will continue to hover at high level and possibility for prices to fall in the short term is small. Domestic manganese alloy and steel markets are in overcapacity, and are unlikely to reverse the overcapacity trend in the short term. Market players are expecting policies from the National People's Congress and the Chinese Political Consultative Conference (NPC&CPPCC). 

Grade
Feb.25 Price
(RMB/mtu)
Feb.24 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
 
Mn38% Fe5%
41-41.5
41-41.5
Qincheng port, Fangchenggang port
South Africa
Mn38% Fe5%
-
-
Tianjin port
 
Mn38% Fe5%
-
-
Zhanjiang port, Fangchenggang port
South Africa (fines)
Mn38% Fe5%
-
-
Tianjin port
 
Mn38% Fe5%
-
-
Qinzhou port
Australia (lump)
Mn46%
45.5-46.5
45.5-46.5
Tianjin port, Lianyungang
 
Mn46%
45-46
45-46
Qinzhou port, Zhanjiang port
Australia (lump)
Mn48%
46.5-47
46.5-47
Tianjin port
 
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%
42-43
42-43
Tianjin port, Lianyungang
Australia (granule)
Mn44%
43-43.5
43-43.5
Tianjin port, Lianyungang
 
Mn44%
Qinzhou port, Zhanjiang port
Gabon (lump)
Mn44-45%
Tianjin port, Lianyungang
 
Mn44-45%
Qinzhou port, Zhanjiang port
Brazil (lump)
Mn44-45%
44-44.5
44-44.5
Qinzhou port, Zhanjiang port
 
Mn44-45%
42-43
42-43
Tianjin port, Lianyungang
Brazil (fines)
Mn44-45%
-
-
Tianjin port
Mn44-46%
38-39
38-39
Zhanjiang port

 

manganese ore price
China manganese ore price

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