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China Manganese Ore Market Movement (2013-3-5)
Mar 5,2013 19:25CST
price review forecast
Source:SMM
Cargo holders of manganese ore were anxious to sell, putting downward pressure on manganese ore prices.

SHANGHAI, Mar. 5 (SMM) –

Domestic market:

Trading at ports remained stagnant, and growing arrivals have increased oversupply pressure of manganese ore. SMM survey found that manganese ore imported from South Africa, Australia, Brazil and Gabon are arriving at Chinese ports steadily, most of which was ordered in February, but was delayed from shipping due to the Chinese New Year holiday. Cargo holders at ports held offers not as firm as before, partly because RMB 50-100/mt price decline in manganese alloy in March and oversupply pressure of imported manganese ore. In this context, manganese alloy producers showed high intention of halting production. Besides, some manganese alloy producers are selling manganese ore arrived earlier, also weighing down manganese ore prices. SMM believes that manganese ore prices in China’s domestic markets will fall short of those in overseas markets given that prices overseas are firm at the moment.    

Transactions:

Ore with high manganese content is arriving at ports in large quantities. Besides, with operating rates being low at the moment, downstream producers generally purchased on an as-needed basis. 

To sum up, manganese alloy producers were forced to cut or suspend production against falling alloy prices. Cargo holders of manganese ore were anxious to sell, putting downward pressure on manganese ore prices. 

Grade
Mar.5Price
(RMB/mtu)
Mar. 4 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

China manganese ore price
manganese ore

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