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China Manganese Ore Market Movement (2013-3-13)
Mar 13,2013 17:21CST
smm insight
Source:SMM
ASX-listed junior Segue Resources was considering selling off its interest in the Emang manganese project in South Africa as the company struggled to find an investment partner.

SHANGHAI, Mar. 13 (SMM) -

Domestic market:
Trading volumes at Chinese ports remained thin. Traders and manganese alloy producers were pessimistic over future prices, sending spot manganese ore at ports down slightly. SMM’s survey found that operating rates at manganese alloy producers in Guizhou, Sichuan and Hunan remained low. As such, producers in these provinces were little interested in importing manganese ore. Some traders may move goods at lower prices in the future against liquidity crunch, putting further downward pressure on manganese ore prices.  

Transactions:
In southern ports, sales volumes in the Port of Qinzhou were higher than in Zhanjiang and Fangcheng. With both operating rates and manganese alloy prices being lower than in north China, most manganese alloy producers continued to watch from the sidelines. In northern ports, spot manganese ore prices remained high, but inquiries were rarely heard. 
 
BHP is now quoting manganese ore on a weekly basis instead of previous monthly basis. Manganese ore prices are trending down in Chinese ports, while CIF prices for imported manganese ore have kept rising, further widening the price spread between domestic and overseas manganese ore.    

Origin Grade Mar.13 Price (RMB/mtu) Mar. 12 Price (RMB/mtu)
Price Change
Region
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 port
South Africa (medium Fe, lump) Mn45% Fe12% 39.5-40 39.5-40 Tianjin port, Lianyungang port
South Africa (mixed carbonate manganese ore, lump) Mn38% Fe5% 41.5-42 41.5-42 Tianjin port, Lianyungang port
Mn38% Fe5% 41-41.5 41-41.5 Qinzhou port, Fangchenggang
South Africa (mixed carbonate manganese ore, granule) Mn38% Fe5% 40-40.5 40-40.5 Tianjin port
Mn38% Fe5% - - Zhanjiang port, Fangchenggang
South Africa (mixed carbonate manganese ore, 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 port
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 45.5-47 Tianjin port
Australia (high Si, lump) Mn36% Si20% 45-45.5 45-45.5 Qinzhou port
Australia (medium Fe, lump) Mn36-37% Fe16% 41.5-42 41.5-42 Tianjin port
Australia (medium Fe, lump) Mn36-37% Fe16% 41-41.5 41-41.5 Qinzhou port
Australia (high Fe, lump) Mn32% Fe20% 37-37.5 37-37.5 Tianjin port
Australia (high Fe, lump) Mn29% Fe27% 35-37 35-37 Tianjin port
Australia (granule) Mn48% 47 47 Tianjin port, Lianyungang port
Mn48% 42-43 42-43 Qinzhou port
Mn50% 43-43.5 43-43.5 Qinzhou port
Mn50% 48-48.5 48-48.5 Tianjin port, Lianyungang port
Australia (lump) Mn44% - Tianjin port, Lianyungang port
Mn44% 41.5-42 41.5-42 Qinzhou port, Zhanjiang port
Gabon (lump) Mn44-45% 44-47 44-47 Tianjin port, Lianyungang port
Mn44-45% 41-42 41-42 Qinzhou port, Zhanjiang port
Gabon (granule) Mn44-45% - - Tianjin port, Lianyungang port
Mn44-45% 38-39 38-39 Qinzhou port
Brazil (lump) Mn44-45% 40-41 40-41 Qinzhou port, Zhanjiang port
Mn44-45% 44-45 44-45 Tianjin port, Lianyungang port
Brazil (fines) Mn44-45% - - Tianjin port
Mn44-46% 37-37.5 37-37.5 Zhanjiang Port

 

China manganese ore prices
manganese alloy producers

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