China Manganese Ore Market Movement (2013-10-29)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Primary lead
  • Market commentary
  • Copper
  • Customs data
  • Nickel
  • Futures movement
  • Evening comments
  • Inventory data
  • price forecast
  • MMi Iron Ore Port Index
  • Secondary lead
  • Morning comments

China Manganese Ore Market Movement (2013-10-29)

Price Review & Forecast 03:00:54PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) –

Manganese Ore Market:
CML’s offers of Australian manganese ore lump (mn46%fe6%si14%) for December shipment was USD 5.6-5.65/mtu (L/C at sight) and USD 5.65-5.7/mtu (usance L/C), up USD 0.10-0.15/mtu from November. UMK also raised its offers by USD 0.1/mtu earlier. In this context, some manganese ore traders in China are considering a price hike. SMM, however, believes price increases are almost impossible given the lackluster demand.  

Manganese Alloy Market:
Hebei Iron & Steel Group plans to buy 26,660 mt of silicomanganese alloy via bid invitation in November, 230 mt less than October. Except Tangshan Iron & Steel, other steel mills increased purchases or held purchasing volumes unchanged. This is chiefly the result of production cuts at major steel producers in October. For example, Hebei Iron & Steel Group, Wuhan Iron & Steel Group and Xinlin Iron & Steel Group cut production by 8,800 mt, 8,000 mt and 6,300 mt, respectively. 

Transactions:
In northern ports, South African manganese ore was more popular. In southern ports, a small quantity of Australian manganese ore (fines) was traded.

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

Origin

Grade

Oct. 29 Price

(RMB/mtu)

Oct. 28 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 (2013-10-29)

Price Review & Forecast 03:00:54PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) –

Manganese Ore Market:
CML’s offers of Australian manganese ore lump (mn46%fe6%si14%) for December shipment was USD 5.6-5.65/mtu (L/C at sight) and USD 5.65-5.7/mtu (usance L/C), up USD 0.10-0.15/mtu from November. UMK also raised its offers by USD 0.1/mtu earlier. In this context, some manganese ore traders in China are considering a price hike. SMM, however, believes price increases are almost impossible given the lackluster demand.  

Manganese Alloy Market:
Hebei Iron & Steel Group plans to buy 26,660 mt of silicomanganese alloy via bid invitation in November, 230 mt less than October. Except Tangshan Iron & Steel, other steel mills increased purchases or held purchasing volumes unchanged. This is chiefly the result of production cuts at major steel producers in October. For example, Hebei Iron & Steel Group, Wuhan Iron & Steel Group and Xinlin Iron & Steel Group cut production by 8,800 mt, 8,000 mt and 6,300 mt, respectively. 

Transactions:
In northern ports, South African manganese ore was more popular. In southern ports, a small quantity of Australian manganese ore (fines) was traded.

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

Origin

Grade

Oct. 29 Price

(RMB/mtu)

Oct. 28 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.