SHANGHAI, Jun. 5 (SMM) –
Domestic Market:
Trading volumes of imported manganese ore at ports remained thin, though prices have stabilized.
SMM’s survey found that power tariff in Yunnan has been cut by RMB 0.1/kwh, reducing production costs at silicomanganese alloy producers by some RMB 400/mt. Meanwhile, a RMB 50-100/mt hike in tender prices by Jiangsu Shagang Group and Hebei Iron & Steel Group also stimulated alloy producers to increase operating rates. This will boost demand for manganese ore and help manganese ore prices at ports hold stable or even rise slightly.
Transactions:
In southern ports, sales volumes of non-mainstream manganese ore such as Malaysian ore increased. In northern ports, inquiries of mainstream manganese ore such as Australian and Brazilian ore were more active than other categories.
Prices of imported manganese ore are shown in the table below:
Origin
|
Grade
|
Jun. 5 Price
(RMB/mtu)
|
Jun. 4 Price
(RMB/mtu)
|
Price Change
|
Region
|
Notes
|
Australia (lump)
|
Mn47-48%
|
46
|
46
|
→
|
Tianjin port
|
|
Mn47-48%
|
44.5-45
|
44.5-45
|
→
|
Qinzhou port, Zhanjiang Port
|
||
South Africa (mixed carbonate manganese ore, lump)
|
Mn38% Fe5%
|
37.5-38
|
37.5-38
|
↓
|
Tianjin port, Lianyungang
|
|
Mn38% Fe5%
|
37.5-38.5
|
37.5-38.5
|
↓
|
Qinzhou port, Fangchenggang
|
||
Brazil (lump)
|
Mn44-45%
|
40-41
|
40-41
|
↓
|
Qinzhou port, Zhanjiang Port
|
|
Mn44-45%
|
41-42.5
|
41-42.5
|
↓
|
Tianjin port, Lianyungang
|
||
Malaysia (lump)
|
Mn33% Fe10%
|
31
|
31
|
→
|
Tianjin port
|
|
Mn33% Fe10%
|
31-31.5
|
31-31.5
|
→
|
Zhanjiang Port, Qinzhou port
|
||
Notes: prices in the table refer to mainstream traded prices.
|
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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