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China Manganese Ore Market Movement (2013-2-28)
Feb 28,2013 17:28CST
price review forecast
Source:SMM
SMM believes that manganese alloy industry will under go consolidation, and shall continue to heavily depend on imported manganese ore.

SHANGHAI, Feb. 28 (SMM) -- Overseas market: ARM Board of Directors revealed on Tuesday that the company has approved the Rand 5.8 billion project in Black Rock, which will increase manganese ore output by 3-4 million mt in the following four years. The company reported good performance due to recovery in iron ore and manganese ore market. The company’s revenue reduced by 1/3 in 1H 2012 due to iron ore price decline and operation cost hike.

Domestic market: Offers of imported manganese ore were flat, and transactions were muted. Bidding prices for manganese ore offered by manganese alloy producers fell. Hebei Iron & Steel Group planned to offer prices at RMB 7,250/mt, down RMB 50/mt from a day earlier, exerting downward pressure on alloy prices. However, overseas manganese ore suppliers still have dominate power on pricing for manganese ore. 

Transaction: Transactions of manganese ore from South Africa increased at RMB 42.5/mtu in north ports, while were limited for manganese ore from other origins.

SMM believes that manganese alloy industry will under go consolidation, and shall continue to heavily depend on imported manganese ore. 
 

Grade
Feb.28 Price
(RMB/mtu)
Feb.27 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%
37-37.5
-
Tianjin port, Lianyungang
 
Mn48%
35-35.5
-
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%
44-48
44-45
↑1.5
Qinzhou port, Zhanjiang port
 
Mn44-45%
43-44
43-44
Tianjin port, Lianyungang
Brazil (fines)
Mn44-45%
-
-
Tianjin port
Mn44-46%
38-39
38-39
Zhanjiang port

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