China Manganese Ore Market Movement (2013-4-23)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-4-23)

SMM Insight 04:14:34PM Apr 23, 2013 Source:SMM

SHANGHAI, Apr. 23 (SMM) -

Domestic market:
There was an abundant supply of low-priced manganese ore at Chinese ports following recent large arrivals. Traders remained pessimistic. If steel producers continue to push for lower manganese alloy prices, demand for manganese ore will remain tepid. Some Chinese importers will continue to cut imports against rising CIF manganese ore prices. Falling manganese ore inventories at ports will offer some support to spot manganese ore prices. However, manganese ore prices will remain low due to anemic demand. 

Transactions:
High-grade manganese ore and non-mainstream goods such as Malaysian manganese ore were more popular, but traded prices were low.

Origin
Grade
Apr. 23 Price
(RMB/mtu)
Apr. 22 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%
39-39.5
40
↓0.75
Tianjin port, Lianyungang port
 
Mn38% Fe5%
39.5
39.5
Qinzhou port, Fangchenggang
South Africa (mixed carbonate manganese ore, granule)
Mn38% Fe5%
38-38.5
39-39.5
↓1
Tianjin port
 
Mn38% Fe5%
-
-
Zhanjiang port, Fangchenggang
South Africa (mixed carbonate manganese ore, fines)
Mn38% Fe5%
37-37.5
38
↓0.75
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
45.5
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

China Manganese Ore Market Movement (2013-4-23)

SMM Insight 04:14:34PM Apr 23, 2013 Source:SMM

SHANGHAI, Apr. 23 (SMM) -

Domestic market:
There was an abundant supply of low-priced manganese ore at Chinese ports following recent large arrivals. Traders remained pessimistic. If steel producers continue to push for lower manganese alloy prices, demand for manganese ore will remain tepid. Some Chinese importers will continue to cut imports against rising CIF manganese ore prices. Falling manganese ore inventories at ports will offer some support to spot manganese ore prices. However, manganese ore prices will remain low due to anemic demand. 

Transactions:
High-grade manganese ore and non-mainstream goods such as Malaysian manganese ore were more popular, but traded prices were low.

Origin
Grade
Apr. 23 Price
(RMB/mtu)
Apr. 22 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%
39-39.5
40
↓0.75
Tianjin port, Lianyungang port
 
Mn38% Fe5%
39.5
39.5
Qinzhou port, Fangchenggang
South Africa (mixed carbonate manganese ore, granule)
Mn38% Fe5%
38-38.5
39-39.5
↓1
Tianjin port
 
Mn38% Fe5%
-
-
Zhanjiang port, Fangchenggang
South Africa (mixed carbonate manganese ore, fines)
Mn38% Fe5%
37-37.5
38
↓0.75
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
45.5
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