China Manganese Ore Market Movement (2013-6-18)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-6-18)

Price Review & Forecast 01:38:16PM Jun 18, 2013 Source:SMM

SHANGHAI, Jun. 18 (SMM) –

Domestic Market:
Bearish sentiment dominated manganese ore markets at ports, with traded volumes lackluster. Inquiries of non-mainstream manganese ore increased significantly, but trading was sluggish. Traders were little interested in importing manganese ore or buying imported manganese ore at ports. Manganese ore prices are facing great downward pressure due to pessimism over silicomanganese alloy bid prices by steel producers and falling manganese ore CIF prices. 

Transactions:
In northern ports, sales volumes of South African mixed carbonate manganese ore inched up, with traded prices flat with yesterday. In southern ports, holders of Brazilian ore held back goods against tight supply. 

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

Origin

Grade

Jun. 18 Price

(RMB/mtu)

Jun. 17 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45-45.5

45-45.5

Tianjin port

 

 

Mn47-48%

44-44.5

44-44.5

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

30-31

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 (2013-6-18)

Price Review & Forecast 01:38:16PM Jun 18, 2013 Source:SMM

SHANGHAI, Jun. 18 (SMM) –

Domestic Market:
Bearish sentiment dominated manganese ore markets at ports, with traded volumes lackluster. Inquiries of non-mainstream manganese ore increased significantly, but trading was sluggish. Traders were little interested in importing manganese ore or buying imported manganese ore at ports. Manganese ore prices are facing great downward pressure due to pessimism over silicomanganese alloy bid prices by steel producers and falling manganese ore CIF prices. 

Transactions:
In northern ports, sales volumes of South African mixed carbonate manganese ore inched up, with traded prices flat with yesterday. In southern ports, holders of Brazilian ore held back goods against tight supply. 

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

Origin

Grade

Jun. 18 Price

(RMB/mtu)

Jun. 17 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45-45.5

45-45.5

Tianjin port

 

 

Mn47-48%

44-44.5

44-44.5

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

30-31

Tianjin port

 

 

Mn33% Fe10%

31-31.5

31-31.5

Zhanjiang Port, Qinzhou port

 

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