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EventsConsultingChina Manganese Ore Market Movement (2013-3-15)
Mar 15,2013 19:24
CSTsmm insight
Source:SMM
Kupang Resources announced Thursday that it was a step closer to manganese production in Indonesia after the Kupang JV obtained final approval for manganese lump production.
SHANGHAI, Mar. 15 (SMM) -
Domestic market:
Spot manganese ore suppliers at Chinese ports began to lower prices. An RMB 0.5-1/mtu price cut was reported on South African mixed carbonate manganese ore (lump), Australian manganese ore (Mn44%, lump) and other classes of manganese ore. Bearish sentiment continued to dominate spot markets. With a large quantity of imported manganese ore arriving at ports in late March and manganese alloy prices meeting strong resistance at RMB 7,000/mt, spot manganese ore prices at ports should remain under downward pressure.
Transactions:
In northern ports, sales volumes of mixed carbonate manganese ore were higher, with some of the goods being long-term contracts ordered earlier. Traded price was down RMB 0.5-1/mtu on a weekly basis. In southern ports, spot manganese ore prices were under downward track, with few transactions completed.
Trading volumes of manganese ore were relatively high among ferrous metals, but traded prices fell. However, only a RMB 2-3/mtu price decline was reported from earlier levels as overseas suppliers have held offers firm.
|
Origin
|
Grade
|
Mar.15 Price
(RMB/mtu)
|
Mar. 14 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
|
41-41.5
|
↓0.25
|
Tianjin port, Lianyungang port
|
|
|
Mn38% Fe5%
|
40-40.5
|
41-41.5
|
↓1
|
Qinzhou port, Fangchenggang
|
||
|
South Africa (mixed carbonate manganese ore, granule)
|
Mn38% Fe5%
|
40
|
40
|
↓
|
Tianjin port
|
|
|
Mn38% Fe5%
|
-
|
-
|
↓
|
Zhanjiang port, Fangchenggang
|
||
|
South Africa (mixed carbonate manganese ore, fines)
|
Mn38% Fe5%
|
38
|
38-38.5
|
↓0.25
|
Tianjin port
|
|
|
Mn38% Fe5%
|
37.5-38
|
38-38.5
|
↓0.5
|
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
|
spot manganese ore prices
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