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China Manganese Ore Market Movement (2013-3-4)
Mar 4,2013 17:54CST
price review forecast
Source:SMM
Stalemate between traders and downstream alloy producers continued, and spot prices for manganese ore were flat from a week earlier.

SHANGHAI, Mar.4 (SMM) --

Overseas market:

As of December 2012, sales revenues in OMH increased by 5% to AUD 4.08 billion, despite that global economic environment was not favorable in 2012. The company’s output of manganese ore at Bootu Greek mine totaled 737,000 mt (Mn 36.55%), down 18.2% compared to 902,000 mt in 2011, which was mainly due to operation model at mines and railway transportation problem in 1H 2012. The company's Qinzhou-based company sold 76,000 mt of alloy and 168,000 mt of sintered ore, increasing sales revenue by 7%.

Domestic market:

Stalemate between traders and downstream alloy producers continued, and spot prices for manganese ore were flat from a week earlier. Based on SMM survey result, the recent high prices for manganese ore against low procurement prices for manganese alloy from steel mills made some manganese alloy producers delay the date to resume production. However, overseas suppliers represented by BHP may hike prices for manganese ore by USD 0.25/mtu, which may fore some small manganese alloy producers to halt or cut production. 

Transactions:

Supply of manganese ore was relatively ample based on data from China Customs in January and supply shortage was not seen. However, souring difficulties for spot manganese ore with high manganese content were still reported. SMM believes that the supply shortage was mainly caused by deliberate supply control by cargo-holders. In addition, the soft downstream demand as major factor behind quiet transactions.

In general, overseas suppliers are bound to hike offers of manganese ore. Manganese alloy producers had no choice but to halt production.

Grade
Mar.4 Price
(RMB/mtu)
Mar. 1 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
44-48
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

 

manganese ore
China manganese ore market
spot manganese ore

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