China Manganese Ore Market Movement (2013-6-20)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-6-20)

Price Review & Forecast 04:14:15PM Jun 20, 2013 Source:SMM

SHANGHAI, Jun. 20 (SMM) –

Manganese Ore Market:
Trading of imported manganese ore at ports was stagnant. Rumor is circulating that quotations to Chinese importers will be cut by USD 0.2-0.3/mtu (RMB 1.2-1.8/mtu). This will drag down imported manganese ore prices at ports. Alloy producers were little interested in buying against low operating rates, also plaguing manganese ore traders.   
 
Transactions:
In northern ports, sales volumes of manganese ore (lump) from Australia, Malaysia and Gabon were relatively higher. Inquiries of manganese ore (lump) from Zambia and Indonesia were more active. In southern ports, South African mixed carbonate manganese ore (lump) and high-Fe manganese ore from South Africa and Australia gained favor.  

Manganese Alloy Market:
Operating rates at alloy producers in Inner Mongolia, Ningxia and Shanxi have outpaced those in south China, but alloy inventories are not high. Steel producers began to invite tenders to buy alloy as the month comes to an end, and it is widely believed that bid prices will hold stable. SMM survey found some small and medium manganese alloy producers are planning to pull out of the market against persistently depressed alloy prices.

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

Origin

Grade

Jun. 20 Price

(RMB/mtu)

Jun. 19 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45

45

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

37.5-38

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 (2013-6-20)

Price Review & Forecast 04:14:15PM Jun 20, 2013 Source:SMM

SHANGHAI, Jun. 20 (SMM) –

Manganese Ore Market:
Trading of imported manganese ore at ports was stagnant. Rumor is circulating that quotations to Chinese importers will be cut by USD 0.2-0.3/mtu (RMB 1.2-1.8/mtu). This will drag down imported manganese ore prices at ports. Alloy producers were little interested in buying against low operating rates, also plaguing manganese ore traders.   
 
Transactions:
In northern ports, sales volumes of manganese ore (lump) from Australia, Malaysia and Gabon were relatively higher. Inquiries of manganese ore (lump) from Zambia and Indonesia were more active. In southern ports, South African mixed carbonate manganese ore (lump) and high-Fe manganese ore from South Africa and Australia gained favor.  

Manganese Alloy Market:
Operating rates at alloy producers in Inner Mongolia, Ningxia and Shanxi have outpaced those in south China, but alloy inventories are not high. Steel producers began to invite tenders to buy alloy as the month comes to an end, and it is widely believed that bid prices will hold stable. SMM survey found some small and medium manganese alloy producers are planning to pull out of the market against persistently depressed alloy prices.

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

Origin

Grade

Jun. 20 Price

(RMB/mtu)

Jun. 19 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45

45

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

37.5-38

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.