China Manganese Ore Market Movement (2013-10-15)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-10-15)

Price Review & Forecast 02:20:47PM Oct 15, 2013 Source:SMM

SHANGHAI, Oct. 15 (SMM) –

Manganese Ore Market:
Manganese ore traders are closely watching impending power tariff adjustments in south China. Some market players note that some manganese alloy producers will cut or halt production once power tariffs are raised, which will eat into manganese ore demand and cause manganese ore prices to drop. Others, however, argue that demand will remain stable for the foreseeable future since manganese alloy producers will build up stocks for year-end production. 

Transactions:
In northern ports, a small amount of South African manganese ore (lump) was traded. In southern ports, small quantities of manganese ore from South Africa and Gabon were sold.

Manganese Alloy Market:
Producers continue to produce to orders. Supply of silicomanganese alloy remains tight, with the output at a mere 30% of the same period last year. More producers may halt production once power tariffs are hiked. Although silicomanganese alloy tender prices by steel producers have been raised for the past few months, alloy producers are cautious about future prices given the sluggishness in current steel market.

Others News:
The 2013 China Heilongjiang-Russia Far East Regional Cooperation Conference was held on October 10th. Heilongjiang Longmay Mining Holding Group, China’s first resource company established in Russia, made new progress in manganese ore mining in Russia. 

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

Origin

Grade

Oct. 15 Price

(RMB/mtu)

Oct. 14 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 (2013-10-15)

Price Review & Forecast 02:20:47PM Oct 15, 2013 Source:SMM

SHANGHAI, Oct. 15 (SMM) –

Manganese Ore Market:
Manganese ore traders are closely watching impending power tariff adjustments in south China. Some market players note that some manganese alloy producers will cut or halt production once power tariffs are raised, which will eat into manganese ore demand and cause manganese ore prices to drop. Others, however, argue that demand will remain stable for the foreseeable future since manganese alloy producers will build up stocks for year-end production. 

Transactions:
In northern ports, a small amount of South African manganese ore (lump) was traded. In southern ports, small quantities of manganese ore from South Africa and Gabon were sold.

Manganese Alloy Market:
Producers continue to produce to orders. Supply of silicomanganese alloy remains tight, with the output at a mere 30% of the same period last year. More producers may halt production once power tariffs are hiked. Although silicomanganese alloy tender prices by steel producers have been raised for the past few months, alloy producers are cautious about future prices given the sluggishness in current steel market.

Others News:
The 2013 China Heilongjiang-Russia Far East Regional Cooperation Conference was held on October 10th. Heilongjiang Longmay Mining Holding Group, China’s first resource company established in Russia, made new progress in manganese ore mining in Russia. 

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

Origin

Grade

Oct. 15 Price

(RMB/mtu)

Oct. 14 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.