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China Manganese Ore Market Movement (2013-3-14)
Mar 14,2013 18:52CST
smm insight
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
 
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
 
Mn38% Fe5%
-
-
Zhanjiang port, Fangchenggang
South Africa (mixed carbonate manganese ore, fines)
Mn38% Fe5%
38-38.5
38-39
↓0.25
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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