China Manganese Ore Market Movement (2013-10-18)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-10-18)

Price Review & Forecast 07:40:51PM Oct 18, 2013 Source:SMM

SHANGHAI, Oct. 18 (SMM) –

Manganese Ore Market:
Offers of South African high-iron manganese ore were hiked by RMB 0.5/mtu on Friday for three reasons. First, maintenance at port Elizabeth left fewer goods available for shipment to China. Second, import costs of South African manganese ore are high. Third, overseas suppliers raised offers, also prompting Chinese traders to follow suit.   

Manganese Alloy Market:
Some steel producers are beginning to rebuild raw materials. For example, Anshan Iron & Steel Group intends to buy 4,000 mt of silicomanganese alloy at RMB 7,350/mt, up RMB 150/mt from earlier. Some were willing to move goods at this price, while others chose to hold to the sidelines in anticipation that prices will rise further in November. 
 
Transactions:
Australian manganese ore (lump) and South African mixed carbonate manganese ore gained favor.

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

Origin

Grade

Oct. 18 Price

(RMB/mtu)

Oct. 17 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

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 (2013-10-18)

Price Review & Forecast 07:40:51PM Oct 18, 2013 Source:SMM

SHANGHAI, Oct. 18 (SMM) –

Manganese Ore Market:
Offers of South African high-iron manganese ore were hiked by RMB 0.5/mtu on Friday for three reasons. First, maintenance at port Elizabeth left fewer goods available for shipment to China. Second, import costs of South African manganese ore are high. Third, overseas suppliers raised offers, also prompting Chinese traders to follow suit.   

Manganese Alloy Market:
Some steel producers are beginning to rebuild raw materials. For example, Anshan Iron & Steel Group intends to buy 4,000 mt of silicomanganese alloy at RMB 7,350/mt, up RMB 150/mt from earlier. Some were willing to move goods at this price, while others chose to hold to the sidelines in anticipation that prices will rise further in November. 
 
Transactions:
Australian manganese ore (lump) and South African mixed carbonate manganese ore gained favor.

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

Origin

Grade

Oct. 18 Price

(RMB/mtu)

Oct. 17 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

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.