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China Manganese Ore Market Movement (2013-3-29)
Mar 29, 2013 19:42Source:SMM
The Globe and Mail reported that some countries have been granted exploration licenses to mine the ocean floor in the central Pacific for manganese nodules.
SHANGHAI, Mar. 29 (SMM) -
Domestic market:
Spot manganese ore was quoted unchanged from yesterday at Chinese ports, but few deals were completed for three reasons. First, suppliers and buyers failed to reach an agreement over prices. Second, market players generally believe that manganese alloy producers will lower bid price by RMB 50-150/mt, but it was rumored that manganese alloy producers will lower bid prices far more than forecasted. Third, traders are cutting purchases while reducing inventories out of growing bearishness over future prices. SMM believes the fruitless MB Hong Kong Conference will further dampen traders’ buying interest.
Transactions:
South African mixed carbonate manganese ore and Australian manganese ore (lump) were still preferred by buyers. Manganese ore from Brazil is in the process of customs declaration, and its trading volumes may rise in the future.
Trading activity at ports turned even quieter before the weekend and as Chinese tomb-sweeping Day is due next week. Domestic steel mills will try to push for lower input costs against their own losses from sluggish consumption downstream.
|
Origin
|
Grade
|
Mar.29 Price
(RMB/mtu)
|
Mar. 28 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
|
latest manganese ore prices
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