SHANGHAI, Jun. 16 (SMM) –
Manganese ore prices at China’s ports remained virtually unchanged in the week ending June 15. Some traders at ports say that large suppliers overseas kept manganese ore offers for shipments to China in July flat with the previous month, dashing hopes for a price cut. On the demand side, bid prices of silicomanganese alloy were raised slightly, so inquiries from producers planning to resume operation picked up.
In Tianjin port, mainstream traded prices were RMB 33.5-33.8/mtu for Australian manganese ore (Mn46%, lump), RMB 29-29.5/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 30.5-30.8/mtu for Brazilian manganese ore (Mn45%Fe5%, lump).
In southern ports, Australian manganese ore (Mn46%, lump) was largely quoted at RMB 33.3-33.5/mtu. Mainstream traded prices were RMB 28.8-29/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 30.8-31/mtu for Brazilian manganese ore (Mn45%Fe5%, lump).
Inventories at ports totaled 3.18 million mt last Friday, up slightly on a weekly basis. Stocks were 150,000 mt at Lianyungang port, 1.74 million mt at Tianjin port, 1.75 million mt at Qinzhou port, less than 4,000 mt at Zhanjiang port, 84,000 mt at Beihai port, and 23,700 mt at Fangchenggang port.
Manganese ore prices at ports look set to remain weak this week since downstream demand will remain soft.