China Manganese Ore Market Movement (2014-8-1)-Shanghai Metals Market

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China Manganese Ore Market Movement (2014-8-1)

Price Review & Forecast 01:57:56PM Aug 01, 2014 Source:SMM

SHANGHAI, Aug. 1 (SMM) –  

Manganese Ore Market:
Manganese ore prices at China’s major ports remained stable on Friday. August is a traditional offseason for silicomanganese alloy industry, depressing manganese ore demand. Downstream producers in general took a wait-and-see stance out of anticipation that manganese ore prices might fall.

Silicomanganese Alloy Market:
Hebei Iron & Steel Group finalized its silicomanganese alloy procurement price for August delivery at RMB 6,620/mt (tax included, by acceptance, delivery to factory), down RMB 30/mt from a month ago, SMM’s survey found. The steel mill plans to buy 28,740 mt of silicomanganese alloy via bid invitation. Relatively high operating rates at silicomanganese alloy producers in north China compared with south China allowed the steelmaker to push for lower silicomanganese alloy prices. 

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

Origin

Grade

Aug. 1 Price

(RMB/mtu)

Jul. 31 Price

(RMB/mtu)

Price Change

Port

Notes

 

Australia

lump (Mn47-48%)

33.3-33.5

33.3-33.5

Tianjin

 

 

lump (Mn47-48%)

33-33.5

33-33.5

Qinzhou, Zhanjiang

 

South Africa

semi carbonate manganese ore lump (Mn38% Fe5%)

29.5

29.5

Tianjin, Lianyungang

   

semi carbonate manganese ore lump (Mn38% Fe5%)

29.3-29.5

29.3-29.5

Qinzhou, Fangchenggang

 

Brazil

lump (Mn44-45%)

30.8-31

30.8-31

Qinzhou, Zhanjiang

 

 

lump (Mn44-45%)

30.5-30.8

30.5-30.8

Tianjin, Lianyungang

 

Malaysia

lump (Mn33% Fe10%)

26.5-26.8

26.5-26.8

Tianjin

 

 

lump (Mn33% Fe10%)

26.5-26.8

26.5-26.8

Zhanjiang, Qinzhou

 

Notes: prices in the table refer to mainstream traded prices.

 
 

 

China Manganese Ore Market Movement (2014-8-1)

Price Review & Forecast 01:57:56PM Aug 01, 2014 Source:SMM

SHANGHAI, Aug. 1 (SMM) –  

Manganese Ore Market:
Manganese ore prices at China’s major ports remained stable on Friday. August is a traditional offseason for silicomanganese alloy industry, depressing manganese ore demand. Downstream producers in general took a wait-and-see stance out of anticipation that manganese ore prices might fall.

Silicomanganese Alloy Market:
Hebei Iron & Steel Group finalized its silicomanganese alloy procurement price for August delivery at RMB 6,620/mt (tax included, by acceptance, delivery to factory), down RMB 30/mt from a month ago, SMM’s survey found. The steel mill plans to buy 28,740 mt of silicomanganese alloy via bid invitation. Relatively high operating rates at silicomanganese alloy producers in north China compared with south China allowed the steelmaker to push for lower silicomanganese alloy prices. 

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

Origin

Grade

Aug. 1 Price

(RMB/mtu)

Jul. 31 Price

(RMB/mtu)

Price Change

Port

Notes

 

Australia

lump (Mn47-48%)

33.3-33.5

33.3-33.5

Tianjin

 

 

lump (Mn47-48%)

33-33.5

33-33.5

Qinzhou, Zhanjiang

 

South Africa

semi carbonate manganese ore lump (Mn38% Fe5%)

29.5

29.5

Tianjin, Lianyungang

   

semi carbonate manganese ore lump (Mn38% Fe5%)

29.3-29.5

29.3-29.5

Qinzhou, Fangchenggang

 

Brazil

lump (Mn44-45%)

30.8-31

30.8-31

Qinzhou, Zhanjiang

 

 

lump (Mn44-45%)

30.5-30.8

30.5-30.8

Tianjin, Lianyungang

 

Malaysia

lump (Mn33% Fe10%)

26.5-26.8

26.5-26.8

Tianjin

 

 

lump (Mn33% Fe10%)

26.5-26.8

26.5-26.8

Zhanjiang, Qinzhou

 

Notes: prices in the table refer to mainstream traded prices.