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Home / Metal News / China Manganese Ore Market Movement (2013-3-19)

China Manganese Ore Market Movement (2013-3-19)

iconMar 19, 2013 18:14
Source:SMM
Cancana Resources Corp. has entered into an exclusive Memorandum of Understanding to purchase Rio Madeira Comercio Importacao E Exportacao De Minerios in the State of Rondonia, Brazil.

SHANGHAI, Mar. 19 (SMM) -

Domestic market:
Prices of five major steel products were hiked by RMB 20-90/mt. Market players believe the move is more likely the result of normal price correction following continuous declines since the Chinese New Year rather than reflection of growing demand downstream. The average daily crude steel output was 2.08 million mt in early March this year, the highest level since statistics from China Steel Association are available. Steadily rising crude steel output will boost demand for manganese alloy. However, producers surveyed by SMM believe manganese alloy prices will not rise anytime soon. Prices of imported manganese ore at ports were weak. Price decline in South African mixed carbonate manganese ore was more pronounced due to large arrivals and current unusually high prices. .

Prices of spot manganese ore at ports were generally weak. Overseas suppliers raised prices by limiting volumes of goods for sale, unfavorable for Chinese traders and manganese alloy producers. Domestic buyers may as well substitute other classes of manganese ore for mainstream ore for the time being.    
 

Origin
Grade
Mar. 19 Price
(RMB/mtu)
Mar. 18 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
↓
Tianjin port, Lianyungang port
　
Mn38% Fe5%
40-40.5
40-40.5
↓
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
↓
Tianjin port
　
Mn38% Fe5%
37.5-38
37.5-38
↓
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

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