China Manganese Ore Market Movement (2013-10-9)

Price Review & Forecast 02:09:02PM Oct 09, 2013 Source:SMM

SHANGHAI, Oct. 9 (SMM) –

Manganese Ore Market:
Trading at ports remained sluggish on Wednesday. Silicomanganese alloy prices rose further after the holiday, instilling a sense of optimism in manganese ore traders. This allowed manganese ore traders to hold offers firm. More shipments will arrive this month, but demand from manganese alloy producers failed to pick up considerably, which will act as a brake against the spike in manganese ore prices.

Manganese Alloy Market:
Prices for 65/17 silicomanganese alloy advanced by RMB 100/mt, while those for 60/14 silicomanganese alloy rose by less than RMB 100/mt. Prices of non-standard silicomanganese alloy were little changed, though. The price increase was attributable to imminent power tariff hike in Guangxi and supply shortfall. 

Steel Market: 
Steel prices pulled back in September following gains in July and August. The acceleration in commissioning of steel capacity in September is compounding oversupply pressure. Steel prices in China are expected to fall further in October, but any downside space should be limited.

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

Origin

Grade

Oct. 9 Price

(RMB/mtu)

Oct. 8 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

41-42

41-42

Tianjin port

 

 

Mn47-48%

41-41.5

41-41.5

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

34.5-35

34.5-35

Tianjin port, Lianyungang

   

Mn38% Fe5%

34-34.5

34-34.5

Qinzhou port, Fangchenggang

 

Brazil (lump)

Mn44-45%

37

37

Qinzhou port, Zhanjiang Port

 

 

Mn44-45%

37-37.5

37-37.5

Tianjin port, Lianyungang

 

Malaysia (lump)

Mn33% Fe10%

30

30

Tianjin port

 

 

Mn33% Fe10%

30

30

Zhanjiang Port, Qinzhou port

 

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

 
 

China Manganese Ore Market Movement (2013-10-9)

Price Review & Forecast 02:09:02PM Oct 09, 2013 Source:SMM

SHANGHAI, Oct. 9 (SMM) –

Manganese Ore Market:
Trading at ports remained sluggish on Wednesday. Silicomanganese alloy prices rose further after the holiday, instilling a sense of optimism in manganese ore traders. This allowed manganese ore traders to hold offers firm. More shipments will arrive this month, but demand from manganese alloy producers failed to pick up considerably, which will act as a brake against the spike in manganese ore prices.

Manganese Alloy Market:
Prices for 65/17 silicomanganese alloy advanced by RMB 100/mt, while those for 60/14 silicomanganese alloy rose by less than RMB 100/mt. Prices of non-standard silicomanganese alloy were little changed, though. The price increase was attributable to imminent power tariff hike in Guangxi and supply shortfall. 

Steel Market: 
Steel prices pulled back in September following gains in July and August. The acceleration in commissioning of steel capacity in September is compounding oversupply pressure. Steel prices in China are expected to fall further in October, but any downside space should be limited.

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

Origin

Grade

Oct. 9 Price

(RMB/mtu)

Oct. 8 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

41-42

41-42

Tianjin port

 

 

Mn47-48%

41-41.5

41-41.5

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

34.5-35

34.5-35

Tianjin port, Lianyungang

   

Mn38% Fe5%

34-34.5

34-34.5

Qinzhou port, Fangchenggang

 

Brazil (lump)

Mn44-45%

37

37

Qinzhou port, Zhanjiang Port

 

 

Mn44-45%

37-37.5

37-37.5

Tianjin port, Lianyungang

 

Malaysia (lump)

Mn33% Fe10%

30

30

Tianjin port

 

 

Mn33% Fe10%

30

30

Zhanjiang Port, Qinzhou port

 

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