China Manganese Ore Market Movement (2013-6-24)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-6-24)

Price Review & Forecast 02:19:32PM Jun 24, 2013 Source:SMM

SHANGHAI, Jun. 24 (SMM) –

Manganese Ore Market:
Traders largely held to a wait-and-see stance against depressed manganese ore prices. It is widely believed that BHP will cut quotations to Chinese buyers, but SMM understands that there is little chance that overseas suppliers will lower offers. This is because manganese ore prices are already under great downward pressure from growing port inventories and tepid downstream demand. If offers by overseas suppliers are cut, manganese ore prices at port will likely fall RMB 1-2/mtu.

Transactions:
In southern ports, sales volumes of Brazilian manganese ore (fines) and South African mixed carbonate manganese ore were relatively higher. In northern ports, manganese ore (lump or granule) from CML gained favor.  

Manganese Alloy Market:
Guangdong Shaoguan Iron & Steel and Dongbei Special Steel Group have begun bid invitation for silicomanganese alloy for July. Some producers refrained from quoting. Mainstream quotations for #6517 silicomanganese alloy were RMB 6,650-6,850/mt (ex-works prices, by acceptance, including tax).

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

Origin

Grade

Jun. 24 Price

(RMB/mtu)

Jun. 21 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 (2013-6-24)

Price Review & Forecast 02:19:32PM Jun 24, 2013 Source:SMM

SHANGHAI, Jun. 24 (SMM) –

Manganese Ore Market:
Traders largely held to a wait-and-see stance against depressed manganese ore prices. It is widely believed that BHP will cut quotations to Chinese buyers, but SMM understands that there is little chance that overseas suppliers will lower offers. This is because manganese ore prices are already under great downward pressure from growing port inventories and tepid downstream demand. If offers by overseas suppliers are cut, manganese ore prices at port will likely fall RMB 1-2/mtu.

Transactions:
In southern ports, sales volumes of Brazilian manganese ore (fines) and South African mixed carbonate manganese ore were relatively higher. In northern ports, manganese ore (lump or granule) from CML gained favor.  

Manganese Alloy Market:
Guangdong Shaoguan Iron & Steel and Dongbei Special Steel Group have begun bid invitation for silicomanganese alloy for July. Some producers refrained from quoting. Mainstream quotations for #6517 silicomanganese alloy were RMB 6,650-6,850/mt (ex-works prices, by acceptance, including tax).

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

Origin

Grade

Jun. 24 Price

(RMB/mtu)

Jun. 21 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.