China Manganese Ore Market Movement (2013-10-28)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-10-28)

Price Review & Forecast 03:15:31PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) –

Manganese Ore Market:
China imported 1.41 million mt of manganese ore in September, up 8.6% from August’s 1.3 million mt. Of which, 416,600 mt was from Australia, 433,200 mt came from South Africa, 153,200 mt originated from Gabon, 42,300 mt was imported from Brazil. Inbound shipments of manganese ore from Malaysia, Cote d'Ivoire and Ghana were 93,500 mt, 26,600 mt and 200,000 mt, respectively. Imports of manganese ore from Australia, Gabon, Malaysia and Ghana rose from a month earlier, while those from South Africa and Brazil fell from August levels. 

Manganese Alloy Market:
Power tariffs in Yunnan were set at RMB 0.52/kwh last Friday, pushing production costs at local silicomanganese alloy producers up by RMB 400/mt. This will force SMEs to halt production. More producers will shut down should the rise in silicomanganese alloy prices in November is insufficient to offset the increase in production costs.

Transactions:
In northern ports, South African manganese ore was more popular. In southern ports, a small quantity of manganese ore from Gabon was sold. 

Steel Market:
The fourth quarter marks a traditionally peak-demand season for automobiles and home appliances, which will boost demand for steel. Meanwhile, China's greater efforts to combat air pollution will accelerate elimination of outdated steel capacity, lending support to steel prices. On the other hand, downward pressure on iron ore prices and overcapacity in steel industry will weigh on steel prices. In this context, steel prices are expected to move in a tight range. 

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

Origin

Grade

Oct. 28 Price

(RMB/mtu)

Oct. 25 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 (2013-10-28)

Price Review & Forecast 03:15:31PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) –

Manganese Ore Market:
China imported 1.41 million mt of manganese ore in September, up 8.6% from August’s 1.3 million mt. Of which, 416,600 mt was from Australia, 433,200 mt came from South Africa, 153,200 mt originated from Gabon, 42,300 mt was imported from Brazil. Inbound shipments of manganese ore from Malaysia, Cote d'Ivoire and Ghana were 93,500 mt, 26,600 mt and 200,000 mt, respectively. Imports of manganese ore from Australia, Gabon, Malaysia and Ghana rose from a month earlier, while those from South Africa and Brazil fell from August levels. 

Manganese Alloy Market:
Power tariffs in Yunnan were set at RMB 0.52/kwh last Friday, pushing production costs at local silicomanganese alloy producers up by RMB 400/mt. This will force SMEs to halt production. More producers will shut down should the rise in silicomanganese alloy prices in November is insufficient to offset the increase in production costs.

Transactions:
In northern ports, South African manganese ore was more popular. In southern ports, a small quantity of manganese ore from Gabon was sold. 

Steel Market:
The fourth quarter marks a traditionally peak-demand season for automobiles and home appliances, which will boost demand for steel. Meanwhile, China's greater efforts to combat air pollution will accelerate elimination of outdated steel capacity, lending support to steel prices. On the other hand, downward pressure on iron ore prices and overcapacity in steel industry will weigh on steel prices. In this context, steel prices are expected to move in a tight range. 

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

Origin

Grade

Oct. 28 Price

(RMB/mtu)

Oct. 25 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.