China Manganese Ore Market Movement (2013-10-22)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-10-22)

Price Review & Forecast 02:25:11PM Oct 22, 2013 Source:SMM

SHANGHAI, Oct. 22 (SMM) –

Manganese Ore Market:
Power tariffs in parts of south China have been hiked, forcing a growing number of silicomanganese alloy producers to cut or halt production. This will cut into manganese ore demand and expose manganese ore prices to downward correction. Although overseas offers for November were raised, the price hike was a small one, lending limited support to manganese ore prices. If port inventories continue to grow, manganese ore prices will come under downward pressure again.  

Transactions:
Both China’s northern and southern ports saw lackluster trading.

Manganese Alloy Market:
Jiangsu Shagang Group issued a bid today to buy silicomanganese alloy for delivery in November, with purchasing volumes up markedly from October. Given the tight supply and low finished goods inventories at silicomanganese alloy producers, it will be difficult for steel producers to push for lower input costs.

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

Origin

Grade

Oct. 22 Price

(RMB/mtu)

Oct. 21 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

41-42

41-42

Tianjin port

 

 

Mn47-48%

40.5-41

40.5-41

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

35-35.5

35-35.5

Tianjin port, Lianyungang

   

Mn38% Fe5%

34.5-35

34.5-35

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 (2013-10-22)

Price Review & Forecast 02:25:11PM Oct 22, 2013 Source:SMM

SHANGHAI, Oct. 22 (SMM) –

Manganese Ore Market:
Power tariffs in parts of south China have been hiked, forcing a growing number of silicomanganese alloy producers to cut or halt production. This will cut into manganese ore demand and expose manganese ore prices to downward correction. Although overseas offers for November were raised, the price hike was a small one, lending limited support to manganese ore prices. If port inventories continue to grow, manganese ore prices will come under downward pressure again.  

Transactions:
Both China’s northern and southern ports saw lackluster trading.

Manganese Alloy Market:
Jiangsu Shagang Group issued a bid today to buy silicomanganese alloy for delivery in November, with purchasing volumes up markedly from October. Given the tight supply and low finished goods inventories at silicomanganese alloy producers, it will be difficult for steel producers to push for lower input costs.

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

Origin

Grade

Oct. 22 Price

(RMB/mtu)

Oct. 21 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

41-42

41-42

Tianjin port

 

 

Mn47-48%

40.5-41

40.5-41

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

35-35.5

35-35.5

Tianjin port, Lianyungang

   

Mn38% Fe5%

34.5-35

34.5-35

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.