China Manganese Ore Market Movement (2013-6-26)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-6-26)

Price Review & Forecast 02:18:21PM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) –

Manganese Ore Market:
China imported 1.47 million mt of manganese ore in May, a record high for the year. Growing imports against tepid demand caused port inventories to increase by over 200,000 mt, compounding oversupply pressure. This worried traders at ports, but massive sell-off has not yet been reported.

Transactions:
Inquiries of Brazilian manganese ore (fines) continue to increase, but goods will not arrive at Chinese ports until late July, creating opportunities for speculation.

Manganese Alloy Market:
Silicomanganese alloy producers are now waiting for steel mills to announce tender prices for July. Despite low silicomanganese alloy stocks at steel plants, there is little room for alloy prices to rise any further given the current depressed economic situations and sluggish steel prices as well as weak steel demand. As such, silicomanganese alloy prices will probably remain stable.

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

Origin

Grade

Jun. 26 Price

(RMB/mtu)

Jun. 25 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45

45

Tianjin port

 

 

Mn47-48%

44

44-44.5

↓0.25

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

37

37-37.5

↓0.25

Tianjin port, Lianyungang

 

 

Mn38% Fe5%

37-37.5

37.5

↓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 (2013-6-26)

Price Review & Forecast 02:18:21PM Jun 26, 2013 Source:SMM

SHANGHAI, Jun. 26 (SMM) –

Manganese Ore Market:
China imported 1.47 million mt of manganese ore in May, a record high for the year. Growing imports against tepid demand caused port inventories to increase by over 200,000 mt, compounding oversupply pressure. This worried traders at ports, but massive sell-off has not yet been reported.

Transactions:
Inquiries of Brazilian manganese ore (fines) continue to increase, but goods will not arrive at Chinese ports until late July, creating opportunities for speculation.

Manganese Alloy Market:
Silicomanganese alloy producers are now waiting for steel mills to announce tender prices for July. Despite low silicomanganese alloy stocks at steel plants, there is little room for alloy prices to rise any further given the current depressed economic situations and sluggish steel prices as well as weak steel demand. As such, silicomanganese alloy prices will probably remain stable.

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

Origin

Grade

Jun. 26 Price

(RMB/mtu)

Jun. 25 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

45

45

Tianjin port

 

 

Mn47-48%

44

44-44.5

↓0.25

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

37

37-37.5

↓0.25

Tianjin port, Lianyungang

 

 

Mn38% Fe5%

37-37.5

37.5

↓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.