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China Manganese Ore Market Movement (2013-3-7)
Mar 7,2013 18:25CST
price review forecast
Source:SMM
Trading activity in China’s northern ports was brisker than in southern ports and traded prices in northern ports remained high.

SHANGHAI, Mar. 7 (SMM) --

Domestic market:

Trading volumes at ports were moderate and prices were stagnant. SMM believes there is little room for manganese ore prices to rise any further while anticipating no further decline in manganese alloy prices. Market players understand that CIF prices for manganese ore may continue to go up, but upside space should be limited. Traders refrained from buying at current high prices.

Transactions:

Trading activity in China’s northern ports was brisker than in southern ports and traded prices in northern ports remained high. Prices in northern ports were still RMB 1-2/mtu higher than in southern ports, and even RMB 5/mtu higher for selected manganese ore class, a sign of anemic downstream demand in southern ports. Some market players note that downstream demand will improve with the onset of high-water period in south China.

To sum up, manganese alloy capacity is in surplus in China, while manganese ore prices are staying high, plaguing manganese alloy producers and manganese ore traders.   

Grade
Mar.7 Price
(RMB/mtu)
Mar. 6 Price
(RMB/mtu)
Price Change
Region
Note
South Africa
(high Fe, lump)
Mn32% Fe20%
38.5-39.5
38.5-39.5
Tianjin port
 
Mn32% Fe20%
38.5
38.5
Qinzhou port
Mn35-36% Fe18%
39-40
39-40
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%
40-40.5
40-40.5
Tianjin port
 
Mn38% Fe5%
-
-
Zhanjiang port, Fangchenggang port
South Africa (fines)
Mn38% Fe5%
38-39
38-39
Tianjin port
 
Mn38% Fe5%
38-38.5
38-38.5
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
37-37.5
Tianjin port, Lianyungang
 
Mn48%
35-35.5
35-35.5
Qinzhou port
Mn50%
47
47
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 market
China manganese ore price
manganese ore

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