China Manganese Ore Market Movement (2013-10-21)

Price Review & Forecast 03:11:36PM Oct 21, 2013 Source:SMM

 SHANGHAI, Oct. 21 (SMM) –

Manganese Ore Market:
Offers of South African mixed carbonate manganese ore in China’s southern ports were raised by RMB 0.5/mtu on Monday. Two factors were behind the price hike. First, maintenance at port Elizabeth caused fewer goods to arrive in China. Second, manganese ore traders expect downstream producers to begin to build up stocks for year-end production.

Manganese Alloy Market:
Quotes of silicomanganese alloy remained firm for two reasons. First, supply remained tight as some producers cut or halted production against rising power tariffs. Second, some held back goods on the belief that prices will continue to rise in November. Under current circumstances, it will be difficult for steel producers to push for lower input costs.

Transactions:
Consumption of non-mainstream manganese ore was sluggish. In southern ports, a small amount of manganese ore from Gabon was traded.

Steel Market:
Steel prices in China began to fall back in late August following sharp gains in July and early-to-mid August. Prices extended losses into September – normally peak-demand month, as demand failed to pick up significantly. Restocking following the Chinese National Day holiday drove a brief and slight uptick in steel prices, after which steel prices dropped again.  

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

Origin

Grade

Oct. 21 Price

(RMB/mtu)

Oct. 18 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%

35-35.5

34.5-35

↑0.5

Tianjin port, Lianyungang

   

Mn38% Fe5%

34.5-35

34-34.5

↑0.5

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 (2013-10-21)

Price Review & Forecast 03:11:36PM Oct 21, 2013 Source:SMM

 SHANGHAI, Oct. 21 (SMM) –

Manganese Ore Market:
Offers of South African mixed carbonate manganese ore in China’s southern ports were raised by RMB 0.5/mtu on Monday. Two factors were behind the price hike. First, maintenance at port Elizabeth caused fewer goods to arrive in China. Second, manganese ore traders expect downstream producers to begin to build up stocks for year-end production.

Manganese Alloy Market:
Quotes of silicomanganese alloy remained firm for two reasons. First, supply remained tight as some producers cut or halted production against rising power tariffs. Second, some held back goods on the belief that prices will continue to rise in November. Under current circumstances, it will be difficult for steel producers to push for lower input costs.

Transactions:
Consumption of non-mainstream manganese ore was sluggish. In southern ports, a small amount of manganese ore from Gabon was traded.

Steel Market:
Steel prices in China began to fall back in late August following sharp gains in July and early-to-mid August. Prices extended losses into September – normally peak-demand month, as demand failed to pick up significantly. Restocking following the Chinese National Day holiday drove a brief and slight uptick in steel prices, after which steel prices dropped again.  

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

Origin

Grade

Oct. 21 Price

(RMB/mtu)

Oct. 18 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%

35-35.5

34.5-35

↑0.5

Tianjin port, Lianyungang

   

Mn38% Fe5%

34.5-35

34-34.5

↑0.5

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.