China Manganese Ore Market Movement (2013-3-14)

Mar 14, 2013 18:52

Source:SMM

Buchans Minerals Corp. (TSXV:BMC) and its partner, Minco plc (LSE:MIO), provided the results of a preliminary bench-scale pre-concentration program.

SHANGHAI, Mar. 14 (SMM) -

Domestic market:
Spot manganese ore prices at Chinese ports fell RMB 0.5/mtu, dragged down by anemic demand from manganese alloy producers. SMM’s survey reveals that no panic sell-off has been reported for now for two reasons. First, manganese alloy prices are already moving at low levels, so any further downside space should be very limited. Second, the pullback in manganese ore prices at ports is normal.

Transactions:
Trading activity was thin at both southern and northern ports, as manganese alloy producers were little interested in buying. Traders ordered a limited amount of imported manganese ore for delivery in April, with little interest in buying spot manganese ore at ports.

Steel prices continued to drop, but decline should be limited for the near term. Iron ore prices also inched down, but will likely rise in the future given that inventories at ports have dropped slightly. Steel mills will continue to put pressure on manganese alloy producers.

Origin	Grade	Mar.14 Price (RMB/mtu)	Mar. 13 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 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%	41-41.5	41.5-42	↓0.5	Tianjin port, Lianyungang port
South Africa (mixed carbonate manganese ore, lump)	Mn38% Fe5%	41-41.5	41-41.5	↓	Qinzhou port, Fangchenggang
South Africa (mixed carbonate manganese ore, granule)	Mn38% Fe5%	40	40-40.5	↓0.25	Tianjin port
South Africa (mixed carbonate manganese ore, granule)	Mn38% Fe5%	-	-	↓	Zhanjiang port, Fangchenggang
South Africa (mixed carbonate manganese ore, fines)	Mn38% Fe5%	38-38.5	38-39	↓0.25	Tianjin port
South Africa (mixed carbonate manganese ore, fines)	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
Australia (lump)	Mn46%	45-46	45-46	↓	Qinzhou port, Zhanjiang port
Australia (lump)	Mn48%	46.5-47	46.5-47	→	Tianjin port
Australia (lump)	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
Australia (lump)	Mn44%	41.5-42	41.5-42	→	Qinzhou port, Zhanjiang port
Gabon (lump)	Mn44-45%	44-47	44-47	→	Tianjin port, Lianyungang port
Gabon (lump)	Mn44-45%	41-42	41-42	→	Qinzhou port, Zhanjiang port
Gabon (granule)	Mn44-45%	-	-	→	Tianjin port, Lianyungang port
Gabon (granule)	Mn44-45%	38-39	38-39	→	Qinzhou port
Brazil (lump)	Mn44-45%	40-41	40-41	→	Qinzhou port, Zhanjiang port
Brazil (lump)	Mn44-45%	44-45	44-45	→	Tianjin port, Lianyungang port
Brazil (fines)	Mn44-45%	-	-	→	Tianjin port
Brazil (fines)	Mn44-46%	37-37.5	37-37.5	→	Zhanjiang Port

China manganese ore prices

manganese alloy producers

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

China Manganese Ore Market Movement (2013-3-14)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit