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China Manganese Ore Market Movement (2013-3-28)

iconMar 28, 2013 17:06
Source:SMM
Economic Times reported that the Comptroller and Auditor General of India on Monday confirmed unlawful extraction of iron and manganese ores.

SHANGHAI, Mar. 28 (SMM) -

Domestic market:
Spot manganese ore prices at Chinese ports fell back into correction, with the exception of South African high-iron manganese ore and selected high-grade manganese ore. The MB Hong Kong Conference, which will concludes today, failed to offer much surprise to markets. Investors are worried about high finished steel inventories and anemic demand for steel. Crude steel output fell 1% in mid-March, which will do little to ease existing mounting finished steel stocks, though. On the other hand, the pullback in crude steel output will lend some support to finished steel prices. Profit margin for mainstream imported manganese ore at ports plunged and overseas suppliers continue to hold offers firm, turning some Chinese buyers to non-mainstream goods.

Transactions:
Trading activity at both northern and southern ports were thin, as manganese alloy producers are bearish over future prices. 

Profit margins for mainstream imported manganese ore fell sharply, causing traders who buy spot manganese ore at ports to step back. Manganese ore prices may rebound in the second half of this year.
 

Origin
Grade
Mar.28 Price
(RMB/mtu)
Mar. 27 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%
40-41
40-41
Tianjin port, Lianyungang port
 
Mn38% Fe5%
39.5-40
39.5-40
Qinzhou port, Fangchenggang
South Africa (mixed carbonate manganese ore, granule)
Mn38% Fe5%
39-39.5
39-39.5
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%
45.5-46
45.5-46
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%
46.5-47
46.5-47
Tianjin port, Lianyungang port
 
Mn48%
42-43
42-43
Qinzhou port
Mn50%
43
43
Qinzhou port
Mn50%
48-48.5
48-48.5
Tianjin port, Lianyungang port
Australia (lump)
Mn44%
-
-
Tianjin port, Lianyungang port
 
Mn44%
41
41
Qinzhou port, Zhanjiang port
Gabon (lump)
Mn44-45%
44-46
44-46
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
Tianjin port, Lianyungang port
Brazil (fines)
Mn44-45%
-
-
Tianjin port
Mn44-46%
37-37.5
37-37.5
Zhanjiang Port

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