China Manganese Ore Market Movement (2013-4-1)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-4-1)

SMM Insight 05:41:17PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) -

Domestic market:
On April 1st, Hebei Iron & Steel Group lowered its bid price for silicomangan alloy by RMB 150/mt from March. Manganese ore traders and producers are plagued by rising manganese ore CIF prices and falling silicomangan alloy prices. Looking on the bright side, operating rates at silicomangan alloy producers may increase with falling power tariff in south China with the onset of rainy season following the Chinese Qingming holiday, which may help bolster demand for manganese ore. Bearish sentiment is dominating manganese ore markets at the moment, though.  
   
Transactions:
Trading volumes at China’s southern and north ports were sparse. Cargo holders’ pessimism over future prices is growing, increasing possibility of sell-off at low prices.

Fundamentals in China’s manganese ore markets are bearish. On the other hand, the government may introduce favorable policies to save producers out of trouble.


 

Origin
Grade
Apr. 1 Price
(RMB/mtu)
Mar. 29 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

China Manganese Ore Market Movement (2013-4-1)

SMM Insight 05:41:17PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) -

Domestic market:
On April 1st, Hebei Iron & Steel Group lowered its bid price for silicomangan alloy by RMB 150/mt from March. Manganese ore traders and producers are plagued by rising manganese ore CIF prices and falling silicomangan alloy prices. Looking on the bright side, operating rates at silicomangan alloy producers may increase with falling power tariff in south China with the onset of rainy season following the Chinese Qingming holiday, which may help bolster demand for manganese ore. Bearish sentiment is dominating manganese ore markets at the moment, though.  
   
Transactions:
Trading volumes at China’s southern and north ports were sparse. Cargo holders’ pessimism over future prices is growing, increasing possibility of sell-off at low prices.

Fundamentals in China’s manganese ore markets are bearish. On the other hand, the government may introduce favorable policies to save producers out of trouble.


 

Origin
Grade
Apr. 1 Price
(RMB/mtu)
Mar. 29 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