China Manganese Ore Market Movement (2013-6-7)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-6-7)

Price Review & Forecast 09:13:02PM Jun 07, 2013 Source:SMM

SHANGHAI, Jun. 7 (SMM) –

Ferroalloy News:  
Construction began on a RMB 1.5 billion ferroalloy logistics park that houses 1.05 million mt of ferroalloy annually in Inner Mongolia’s Ulanqab on May 30. The project will be constructed in three phases. The first phase, representing RMB 500 million in investment, is scheduled to enter operations at the end of this year, with ferroalloy handling capacity at 350,000 mt/yr. Phase two and three represent a total investment of RMB 1 billion and will be completed by 2015. 

Domestic Market:
Quotations of imported manganese ore at ports were stagnant. Unlike in the past years, manganese alloy producers exhibited low interest in restocking ahead of the three-day holiday. Large quantities of Australian manganese ore (lump), South African mixed carbonate manganese ore and Gabon ore (lump) are arriving in the Port of Tianjin, weighing down manganese ore prices at ports. Despite sluggish consumption, cargo holders still held back goods.

Transactions:
In northern ports, Australian manganese ore (lump) gained favor, but traded prices inched down. In southern ports, South Africa mixed carbonate manganese ore was more popular than other categories, with traded prices flat with yesterday. 

Macro News:
The Chinese government is figuring out measures to tackle overcapacity by disapproving new projects in industries that are already in surplus, shutting down ongoing unqualified projects and reining in rapid expansion of high energy consumption and high pollution industries. 
Prices of imported manganese ore are shown in the table below:

Origin

Grade

Jun. 7 Price

(RMB/mtu)

Jun. 6 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45-45.5

46

↓0.75

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%

30-31

31

↓0.5

Tianjin port

 

 

Mn33% Fe10%

31

31-31.5

↓0.25

Zhanjiang Port, Qinzhou port

 

Notes: prices in the table refer to mainstream traded prices.

 
 



 

China Manganese Ore Market Movement (2013-6-7)

Price Review & Forecast 09:13:02PM Jun 07, 2013 Source:SMM

SHANGHAI, Jun. 7 (SMM) –

Ferroalloy News:  
Construction began on a RMB 1.5 billion ferroalloy logistics park that houses 1.05 million mt of ferroalloy annually in Inner Mongolia’s Ulanqab on May 30. The project will be constructed in three phases. The first phase, representing RMB 500 million in investment, is scheduled to enter operations at the end of this year, with ferroalloy handling capacity at 350,000 mt/yr. Phase two and three represent a total investment of RMB 1 billion and will be completed by 2015. 

Domestic Market:
Quotations of imported manganese ore at ports were stagnant. Unlike in the past years, manganese alloy producers exhibited low interest in restocking ahead of the three-day holiday. Large quantities of Australian manganese ore (lump), South African mixed carbonate manganese ore and Gabon ore (lump) are arriving in the Port of Tianjin, weighing down manganese ore prices at ports. Despite sluggish consumption, cargo holders still held back goods.

Transactions:
In northern ports, Australian manganese ore (lump) gained favor, but traded prices inched down. In southern ports, South Africa mixed carbonate manganese ore was more popular than other categories, with traded prices flat with yesterday. 

Macro News:
The Chinese government is figuring out measures to tackle overcapacity by disapproving new projects in industries that are already in surplus, shutting down ongoing unqualified projects and reining in rapid expansion of high energy consumption and high pollution industries. 
Prices of imported manganese ore are shown in the table below:

Origin

Grade

Jun. 7 Price

(RMB/mtu)

Jun. 6 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45-45.5

46

↓0.75

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%

30-31

31

↓0.5

Tianjin port

 

 

Mn33% Fe10%

31

31-31.5

↓0.25

Zhanjiang Port, Qinzhou port

 

Notes: prices in the table refer to mainstream traded prices.