China Manganese Ore Market Movement (2013-6-25)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-6-25)

Price Review & Forecast 02:08:30PM Jun 25, 2013 Source:SMM

SHANGHAI, Jun. 25 (SMM) –

Manganese Ore Market:
Trading volumes of imported manganese ore at ports remained lackluster. SMM survey found that manganese ore supply remained in surplus due to anemic downstream demand. Chinese importers are cautious about importing on the belief that prices will fall further. Prices of South African mixed carbonate manganese ore in China’s northern and southern ports continued to lead losses among manganese ore, dragging prices of other product classes down as well. 

Transactions:
In northern ports, prices of low-grade South African mixed carbonate manganese ore extended losses, and further declines are expected.

Manganese Alloy Market:
Small and medium steel plants cut production further amid continuously falling steel prices, eating into demand for silicomanganese alloy. Despite low operating rates at silicomanganese alloy producers, tepid demand caused inventories at producers to pile up. Alloy producers are compelled to cut offers against liquidity crunch and depressed demand. 

Macro News:
China’s financial and futures markets are hit by liquidity crunch, with the Shanghai Composite Index down 109.86 points to 1,963.24 points on Monday, a 5.3% plunge.

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

Origin

Grade

Jun. 25 Price

(RMB/mtu)

Jun. 24 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

37.5-38

↓0.75

Tianjin port, Lianyungang

 

 

Mn38% Fe5%

37.5

37.5-38

↓0.25

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 (2013-6-25)

Price Review & Forecast 02:08:30PM Jun 25, 2013 Source:SMM

SHANGHAI, Jun. 25 (SMM) –

Manganese Ore Market:
Trading volumes of imported manganese ore at ports remained lackluster. SMM survey found that manganese ore supply remained in surplus due to anemic downstream demand. Chinese importers are cautious about importing on the belief that prices will fall further. Prices of South African mixed carbonate manganese ore in China’s northern and southern ports continued to lead losses among manganese ore, dragging prices of other product classes down as well. 

Transactions:
In northern ports, prices of low-grade South African mixed carbonate manganese ore extended losses, and further declines are expected.

Manganese Alloy Market:
Small and medium steel plants cut production further amid continuously falling steel prices, eating into demand for silicomanganese alloy. Despite low operating rates at silicomanganese alloy producers, tepid demand caused inventories at producers to pile up. Alloy producers are compelled to cut offers against liquidity crunch and depressed demand. 

Macro News:
China’s financial and futures markets are hit by liquidity crunch, with the Shanghai Composite Index down 109.86 points to 1,963.24 points on Monday, a 5.3% plunge.

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

Origin

Grade

Jun. 25 Price

(RMB/mtu)

Jun. 24 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

37.5-38

↓0.75

Tianjin port, Lianyungang

 

 

Mn38% Fe5%

37.5

37.5-38

↓0.25

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.