China Manganese Ore Market Movement (2013-12-2)

Price Review & Forecast 02:48:26PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) –

Manganese Ore Market:
Manganese ore prices at ports are now nearing costs. The price spread between northern and southern ports in China is narrowing. Trading volumes remained low, with transaction volumes in north China outstripping those in south China. Small amounts of South African mixed carbonate manganese ore were sold in northern ports. Rising

Manganese Alloy Market:
Silicomanganese alloy producers are reluctant to sell at lower prices due to high production costs. Supply in Inner Mongolia fell as high production costs and stricter environmental protection inspection forced local producers to scale back production. This enabled producers in the region to insist on high offers. A few producers, however, believe there is little chance that silicomanganese alloy prices will rise since current supply is not tight and since steel market is sluggish. 

Overseas News:
Rio Tinto has decided to postpone its expansion of iron ore operations in Western Australia to 2017 in an effort to save USD 3 billion. The mining giant planned to increase its iron ore capacity in Western Australia from around 260 million mt/yr to 360 million mt/yr by the end of the first half of 2015, but the plan was stalled after iron ore prices plunged.

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

Origin

Grade

Dec. 2 Price

(RMB/mtu)

Nov. 29 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

40.5-41

40.5-41

Tianjin port

 

 

Mn47-48%

40-40.5

40-40.5

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

34.5-35

34.5-35

Tianjin port, Lianyungang

   

Mn38% Fe5%

35

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 (2013-12-2)

Price Review & Forecast 02:48:26PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) –

Manganese Ore Market:
Manganese ore prices at ports are now nearing costs. The price spread between northern and southern ports in China is narrowing. Trading volumes remained low, with transaction volumes in north China outstripping those in south China. Small amounts of South African mixed carbonate manganese ore were sold in northern ports. Rising

Manganese Alloy Market:
Silicomanganese alloy producers are reluctant to sell at lower prices due to high production costs. Supply in Inner Mongolia fell as high production costs and stricter environmental protection inspection forced local producers to scale back production. This enabled producers in the region to insist on high offers. A few producers, however, believe there is little chance that silicomanganese alloy prices will rise since current supply is not tight and since steel market is sluggish. 

Overseas News:
Rio Tinto has decided to postpone its expansion of iron ore operations in Western Australia to 2017 in an effort to save USD 3 billion. The mining giant planned to increase its iron ore capacity in Western Australia from around 260 million mt/yr to 360 million mt/yr by the end of the first half of 2015, but the plan was stalled after iron ore prices plunged.

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

Origin

Grade

Dec. 2 Price

(RMB/mtu)

Nov. 29 Price

(RMB/mtu)

Price Change

Region

Notes

 

Australia (lump)

Mn47-48%

40.5-41

40.5-41

Tianjin port

 

 

Mn47-48%

40-40.5

40-40.5

Qinzhou port, Zhanjiang Port

 

South Africa (mixed carbonate manganese ore, lump)

Mn38% Fe5%

34.5-35

34.5-35

Tianjin port, Lianyungang

   

Mn38% Fe5%

35

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.