China Manganese Ore Market Movement (2013-10-17)

Price Review & Forecast 03:02:53PM Oct 17, 2013 Source:SMM

SHANGHAI, Oct. 17 (SMM) –

Manganese Ore Market:
Trading at ports remained sluggish, with South African manganese ore gaining more favor. Large quantities of manganese ore arrived this month, unfavorable for manganese ore prices. But this was offset by rising silicomanganese alloy prices. Demand failed to pick up in October – normally peak-demand month. Alloy producers tried to press for lower input costs, while traders held offers firm, leaving trading stagnant. 

Manganese Alloy Market:
Prices for 65/17 and 60/14 silicomanganese alloy remained essentially unchanged. Some refrained from quoting, while others asked for high prices. Buyers refused to buy at high prices, leaving traded prices little changed. Mainstream quotations for non-standard silicomanganese alloy, however, were hiked by RMB 50/mt. This is because many producers in Guangxi halted production against rising power tariffs, tightening supply. 

Steel Market: 
With demand being weak during the first half of the month, markets expect no pickup in demand for the remainder of the month. Growing crude steel output will put downward pressure on steel prices.

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

Origin

Grade

Oct. 17 Price

(RMB/mtu)

Oct. 16 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

41-42

41-42

Tianjin port

 

 

Mn47-48%

40.5-41

41-41.5

↓0.5

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 (2013-10-17)

Price Review & Forecast 03:02:53PM Oct 17, 2013 Source:SMM

SHANGHAI, Oct. 17 (SMM) –

Manganese Ore Market:
Trading at ports remained sluggish, with South African manganese ore gaining more favor. Large quantities of manganese ore arrived this month, unfavorable for manganese ore prices. But this was offset by rising silicomanganese alloy prices. Demand failed to pick up in October – normally peak-demand month. Alloy producers tried to press for lower input costs, while traders held offers firm, leaving trading stagnant. 

Manganese Alloy Market:
Prices for 65/17 and 60/14 silicomanganese alloy remained essentially unchanged. Some refrained from quoting, while others asked for high prices. Buyers refused to buy at high prices, leaving traded prices little changed. Mainstream quotations for non-standard silicomanganese alloy, however, were hiked by RMB 50/mt. This is because many producers in Guangxi halted production against rising power tariffs, tightening supply. 

Steel Market: 
With demand being weak during the first half of the month, markets expect no pickup in demand for the remainder of the month. Growing crude steel output will put downward pressure on steel prices.

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

Origin

Grade

Oct. 17 Price

(RMB/mtu)

Oct. 16 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

41-42

41-42

Tianjin port

 

 

Mn47-48%

40.5-41

41-41.5

↓0.5

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.