China Manganese Ore Market Movement (2013-6-6)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-6-6)

SMM Insight 03:02:13PM Jun 06, 2013 Source:SMM

SHANGHAI, Jun. 6 (SMM) –

Iron Ore:  
On June 4, Cao Huiquan, Chairman of Hunan Valin Iron & Steel met over 500 employees in FMG Group’s headquarters, Perth and paid a visit to Pilbara iron ore mine site. Many Chinese enterprises, especially steel producers such as Baosteel, Anshan Iron & Steel Group, Hebei Iron & Steel Group and Tianjin Materials and Equipments Group Corporation are setting their sights on iron ore in Australia. FMG is now trying to raise funds because it may go bankrupt if it is unable to pay off USD 12 billion of debt before June 30.  

Domestic Market:
Prices of imported manganese ore at ports remained stable and traders were eager to sell. Australian manganese ore (lump), Gabon manganese ore (lump) and South African mixed carbonate manganese ore will arrive in the Port of Tianjin in mid-to-late June, with CIF prices being high due to cost support. Yunnan Price Control Bureau issued a statement. According to the statement, newly-installed hydro power across Yunnan will hit 13.1 million kilowatts in 2013. Based on power consumed in the same period of 2012, the excess part will be discounted. As far as industrial enterprises entering operations in 2013 are concerned, 15% of power consumed during rainy season will be discounted. Power tariff will be settled by month or at the end of rainy season. New power tariff policy will be implemented in Baoshan, Dehong, Nujiang, Diqing, Zhaotong, Lincang and Lijiang, running from June 1, 2013 through October 31, 2013. Manganese alloy producers are mostly holding to the sidelines in response to this news, with little interest in resuming production. 

Transactions:
In northern ports, sales volumes of Brazilian and Gabon manganese ore (lump) were higher than other categories. In southern ports, Malaysian ore and other non-mainstream ore gained favor.

Prices of imported manganese ore are shown in the table below:

Origin

Grade

Jun. 6 Price

(RMB/mtu)

Jun. 5 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.

 
 

China Manganese Ore Market Movement (2013-6-6)

SMM Insight 03:02:13PM Jun 06, 2013 Source:SMM

SHANGHAI, Jun. 6 (SMM) –

Iron Ore:  
On June 4, Cao Huiquan, Chairman of Hunan Valin Iron & Steel met over 500 employees in FMG Group’s headquarters, Perth and paid a visit to Pilbara iron ore mine site. Many Chinese enterprises, especially steel producers such as Baosteel, Anshan Iron & Steel Group, Hebei Iron & Steel Group and Tianjin Materials and Equipments Group Corporation are setting their sights on iron ore in Australia. FMG is now trying to raise funds because it may go bankrupt if it is unable to pay off USD 12 billion of debt before June 30.  

Domestic Market:
Prices of imported manganese ore at ports remained stable and traders were eager to sell. Australian manganese ore (lump), Gabon manganese ore (lump) and South African mixed carbonate manganese ore will arrive in the Port of Tianjin in mid-to-late June, with CIF prices being high due to cost support. Yunnan Price Control Bureau issued a statement. According to the statement, newly-installed hydro power across Yunnan will hit 13.1 million kilowatts in 2013. Based on power consumed in the same period of 2012, the excess part will be discounted. As far as industrial enterprises entering operations in 2013 are concerned, 15% of power consumed during rainy season will be discounted. Power tariff will be settled by month or at the end of rainy season. New power tariff policy will be implemented in Baoshan, Dehong, Nujiang, Diqing, Zhaotong, Lincang and Lijiang, running from June 1, 2013 through October 31, 2013. Manganese alloy producers are mostly holding to the sidelines in response to this news, with little interest in resuming production. 

Transactions:
In northern ports, sales volumes of Brazilian and Gabon manganese ore (lump) were higher than other categories. In southern ports, Malaysian ore and other non-mainstream ore gained favor.

Prices of imported manganese ore are shown in the table below:

Origin

Grade

Jun. 6 Price

(RMB/mtu)

Jun. 5 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.