SHANGHAI, Jun. 30 (SMM) –
Prices for South African high-Fe manganese ore (Fe 20%) shed RMB 0.5/mtu at China’s major ports in the week ending June 27. Australian manganese ore and South African semis carbonate manganese ore gained more favor than other ores, allowing prices to stay firm.
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 3.2 million mt last Friday, down slightly on a weekly basis. Stocks were 150,000 mt at Lianyungang port, 1.78 million mt at Tianjin port, 1.1 million mt at Qinzhou port, less than 2,000 mt at Zhanjiang port, 82,000 mt at Beihai port, and 100,000 mt at Fangchenggang port.
Manganese ore prices at ports are expected to remain weak this week since downstream demand is unlikely to improve significantly.