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China Manganese Ore Market Movement (2013-3-12)
Mar 12,2013 18:13CST
smm insight
Source:SMM
Trading volumes at Chinese ports remained thin, with offers for selected manganese ore showing signs of decline.

SHANGHAI, Mar. 12 (SMM) --

Domestic market:

Trading volumes at Chinese ports remained thin, with offers for selected manganese ore showing signs of decline. Prices for high-silicon manganese ore (Mn36%, Si20%) have fallen back to USD 47/mtu after jumping to USD 49/mtu. Suppliers of such manganese ore still held quotations relatively firm, though, leaving little flexibility in pricing. Widening price spread between southern and northern ports have stimulated some producers and traders to ship goods to northern ports for sale. 

Transactions:

Inquiries at ports were sparse as most manganese alloy producers showed low-acceptance towards existing high prices. Continuously rising CIF prices for imported manganese ore also forced manganese alloy producers to buy spot manganese ore instead.  

Falling rebar prices and growing crude steel output will force steel mills to push for even lower manganese alloy prices.

Grade
Mar.12 Price
(RMB/mtu)
Mar. 11 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%
41.5-42
41.5-43
↓0.5
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%
45.5-47
45.5-49
↓1
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%
35-37
35-35.5
↑0.75
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%
48-48.5
48-48.5
Qinzhou port, Zhanjiang port
Gabon (lump)
Mn44-45%
Tianjin port, Lianyungang
 
Mn44-45%
Qinzhou port, Zhanjiang port
Brazil (lump)
Mn44-45%
44-47
44-47
Qinzhou port, Zhanjiang port
 
Mn44-45%
41-42
41-42
Tianjin port, Lianyungang
Brazil (fines)
Mn44-45%
-
-
Tianjin port
Mn44-46%
38-39
38-39
Zhanjiang port

China manganese ore market
manganese ore
manganese ore price

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