Home / Metal News / Lead / China Manganese Ore Market Movement (2013-3-21)
China Manganese Ore Market Movement (2013-3-21)
Mar 21,2013 18:37CST
smm insight
Source:SMM
Buchans Minerals Corporation (TSXV:BMC) and Minco plc (AIM:MIO) announced additional drilling results from the Woodstock manganese project in New Brunswick.

SHANGHAI, Mar. 21 (SMM) -

Domestic market:
Overseas suppliers continued to hold offers firm, but spot manganese ore prices at Chinese ports have begun to fall, with selected classes of products dropping more than expected. Most of the market players surveyed by SMM believe large arrivals at ports were the major reason behind the price decline. Most traders ordered only a limited amount of manganese ore from overseas suppliers for delivery in April, given the current high CIF prices and low spot prices.

Transactions:
China’s southern and northern ports saw thin trading activity and falling traded prices, with price spread between the two ports narrowing.

Prices of steel products rebounded slightly, but the rally is not driven by fundamentals. Silicomanganese prices remained weak on low buying interest. Thin trading activity was reported in spot manganese ore markets, but no sell-off has emerged.   
 

Origin
Grade
Mar.21 Price
(RMB/mtu)
Mar. 20 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
43-43.5
↓0.25
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%
44-46
44-47
↓0.5
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
44-45
↓0.5
Tianjin port, Lianyungang port
Brazil (fines)
Mn44-45%
-
-
Tianjin port
Mn44-46%
37-37.5
37-37.5
Zhanjiang Port

latest manganese ore prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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