China Manganese Ore Market Movement (2013-10-30)-Shanghai Metals Market

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China Manganese Ore Market Movement (2013-10-30)

Price Review & Forecast 02:49:26PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) –

Manganese Ore Market:
Manganese ore traders are expecting BHP to hike offers as well now that UMK and CML have raised their offers for December shipment. Some traders in China raised quotations out of growing optimism over future prices, but higher quotes watered down buying interest. Despite price hike by overseas suppliers, manganese ore prices in China will not rise appreciably unless demand picks up considerably.  

Manganese Alloy Market:
Hebei Iron & Steel Group offered to buy silicomanganese alloy for November delivery at RMB 7,300/mt (including tax, by acceptance, delivery to factory), up RMB 30/mt from October. However, suppliers rejected the offer and negotiation is still underway. Silicomanganese alloy producers refrain from selling at lower prices against high production costs, while steel producers are trying to push for lower input costs against depressed steel prices.  

Transactions:
In northern ports, South African and Australian manganese ore (lump) gained more favor. In southern ports, 10,000 mt of Brazilian manganese ore (fines) was traded.

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

Origin

Grade

Oct. 30 Price

(RMB/mtu)

Oct. 29 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 (2013-10-30)

Price Review & Forecast 02:49:26PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) –

Manganese Ore Market:
Manganese ore traders are expecting BHP to hike offers as well now that UMK and CML have raised their offers for December shipment. Some traders in China raised quotations out of growing optimism over future prices, but higher quotes watered down buying interest. Despite price hike by overseas suppliers, manganese ore prices in China will not rise appreciably unless demand picks up considerably.  

Manganese Alloy Market:
Hebei Iron & Steel Group offered to buy silicomanganese alloy for November delivery at RMB 7,300/mt (including tax, by acceptance, delivery to factory), up RMB 30/mt from October. However, suppliers rejected the offer and negotiation is still underway. Silicomanganese alloy producers refrain from selling at lower prices against high production costs, while steel producers are trying to push for lower input costs against depressed steel prices.  

Transactions:
In northern ports, South African and Australian manganese ore (lump) gained more favor. In southern ports, 10,000 mt of Brazilian manganese ore (fines) was traded.

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

Origin

Grade

Oct. 30 Price

(RMB/mtu)

Oct. 29 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.