China Manganese Ore Market Movement (2013-10-14)

Price Review & Forecast 02:15:46PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) –

Manganese Ore Market:
BHP Billiton’s offers of Australian manganese ore (lump) for November shipment to China were USD 5.45/mtu, and USD 5.25/mtu for Australian manganese ore (fines), up USD 0.1/mtu from October. UMK also hiked offers by USD 0.1/mtu from October. This, coupled with rising manganese alloy prices, will likely push manganese ore prices at ports up as well.  

Transactions: 
Inquiries and transactions were both thin. In northern ports, a small amount of Australian manganese ore (lump) was traded. In southern ports, small quantities of manganese ore from Brazil were sold.

Manganese Alloy Market:
Prices for manganese ore and coke, major inputs in silicomanganese alloy production, held largely stable. Steel prices have been weak in recent days. Traders are little interested in buying after alloy producers hiked offers. In this context, it will be difficult for alloy producers to raise offers again.

Steel Market:
Steel prices in China moved in a tight range after the Chinese National Day holiday, as demand failed to grow appreciably in October – normally peak-demand season. High crude steel output will weigh on steel prices, but any downside space should be limited given the limited growth in finished steel inventories during the weeklong holiday.  

Origin

Grade

Oct. 14 Price

(RMB/mtu)

Oct. 11 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 (2013-10-14)

Price Review & Forecast 02:15:46PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) –

Manganese Ore Market:
BHP Billiton’s offers of Australian manganese ore (lump) for November shipment to China were USD 5.45/mtu, and USD 5.25/mtu for Australian manganese ore (fines), up USD 0.1/mtu from October. UMK also hiked offers by USD 0.1/mtu from October. This, coupled with rising manganese alloy prices, will likely push manganese ore prices at ports up as well.  

Transactions: 
Inquiries and transactions were both thin. In northern ports, a small amount of Australian manganese ore (lump) was traded. In southern ports, small quantities of manganese ore from Brazil were sold.

Manganese Alloy Market:
Prices for manganese ore and coke, major inputs in silicomanganese alloy production, held largely stable. Steel prices have been weak in recent days. Traders are little interested in buying after alloy producers hiked offers. In this context, it will be difficult for alloy producers to raise offers again.

Steel Market:
Steel prices in China moved in a tight range after the Chinese National Day holiday, as demand failed to grow appreciably in October – normally peak-demand season. High crude steel output will weigh on steel prices, but any downside space should be limited given the limited growth in finished steel inventories during the weeklong holiday.  

Origin

Grade

Oct. 14 Price

(RMB/mtu)

Oct. 11 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.