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China Manganese Ore Market Movement (2013-4-17)
Apr 17,2013 16:59CST
smm insight
Source:SMM
High-grade manganese ore is in tight supply in Port Elizabeth due to traffic congestion in South Africa on Tuesday.

SHANGHAI, Apr. 17 (SMM) -

Overseas Market:  
High-grade manganese ore is in tight supply in Port Elizabeth due to traffic congestion in South Africa on Tuesday. Chinese traders and producers are willing to pay higher prices. SMM notes that CIF prices for manganese ore (Mn 44%) were USD 5.65/mtu, up 5 cents/mtu. In contrast, prices for South Africa mixed carbonate manganese ore at Chinese ports were little affected due to ample supply. The traffic jam may provide some support to prices of spot manganese ore from South Africa. 

Domestic market:
Spot manganese ore markets in China have remained sluggish, with traded prices stagnant. SMM survey found that traders at ports are not considering lowering prices. This is mainly because price cuts will not stoke buying interest given the current depressed manganese alloy markets. Besides, selling all the goods at hand at discounts will undermine their future operations. Traders were reluctant to import against high CIF prices.

Transactions:
With less goods arriving, manganese ore inventories at ports continued to fall. Inquiries for medium-iron manganese ore and Brazilian goods were active in northern ports, but transaction volumes were low due to short supply. 
 

Origin
Grade
Apr. 17 Price
(RMB/mtu)
Apr. 16 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%
44
44
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
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%
42-42.5
42-42.5
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%
42-42.5
42-42.5
Tianjin port
Mn44-46%
-
-
Zhanjiang Port

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