China Manganese Ore Market Movement (2013-10-24)

Price Review & Forecast 05:02:29PM Oct 24, 2013 Source:SMM

SHANGHAI, Oct. 24 (SMM) –

Manganese Ore Market:
UMK raised offers of South African mixed carbonate manganese ore to Chinese buyers for shipment in December by USD 0.1/mtu to USD 4.55/mtu. There is little chance that other overseas suppliers will cut offers. Quotations in China’s northern ports remained firm, while those in southern ports showed signs of falling.

Manganese Alloy Market:
Silicomanganese alloy producers are now holding a wait-and-see stance amid ongoing bid invitation by steel mills for November delivery. Four steel producers have issued bids to buy silicomanganese alloy ahead of schedule, implying that steel producers are now in bad need of raw materials. This has led alloy producers to believe that silicomanganese alloy prices will spike by at least RMB 100/mt in November. 

Transactions:
In northern ports, some manganese ore from Gabon was traded. In southern ports, a small quantity of Brazilian manganese ore was sold.

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

Origin

Grade

Oct. 24 Price

(RMB/mtu)

Oct. 23 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 (2013-10-24)

Price Review & Forecast 05:02:29PM Oct 24, 2013 Source:SMM

SHANGHAI, Oct. 24 (SMM) –

Manganese Ore Market:
UMK raised offers of South African mixed carbonate manganese ore to Chinese buyers for shipment in December by USD 0.1/mtu to USD 4.55/mtu. There is little chance that other overseas suppliers will cut offers. Quotations in China’s northern ports remained firm, while those in southern ports showed signs of falling.

Manganese Alloy Market:
Silicomanganese alloy producers are now holding a wait-and-see stance amid ongoing bid invitation by steel mills for November delivery. Four steel producers have issued bids to buy silicomanganese alloy ahead of schedule, implying that steel producers are now in bad need of raw materials. This has led alloy producers to believe that silicomanganese alloy prices will spike by at least RMB 100/mt in November. 

Transactions:
In northern ports, some manganese ore from Gabon was traded. In southern ports, a small quantity of Brazilian manganese ore was sold.

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

Origin

Grade

Oct. 24 Price

(RMB/mtu)

Oct. 23 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.