SHANGHAI, Aug. 18 (SMM) –

 

Prices for Gabonese manganese ore at the Port of Qinzhou rose slightly in the week ending August 15 due to sharply falling port inventories. Trading across China’s major ports remained thin. Some traders are planning to cut imports against poor sales.

 

In Tianjin port, mainstream traded prices were RMB 33.5-34/mtu for Australian manganese ore (Mn46%, lump), RMB 29.5/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 30-30.5/mtu for Brazilian manganese ore (Mn45%Fe5%, lump). 

 

In southern ports, Australian manganese ore (Mn46%, lump) was largely quoted at RMB 34/mtu. Mainstream traded prices were RMB 29.5/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 30.2-30.5/mtu for Brazilian manganese ore (Mn45%Fe5%, lump). 

Inventories at ports totaled 2.95 million mt last Friday, down on a weekly basis. Stocks were 150,000 mt at Lianyungang port, 1.85 million mt at Tianjin port, 800,000 mt at Qinzhou port, 1,500 mt at Zhanjiang port, 68,300 mt at Beihai port, and 77,500 mt at Fangchenggang port. 

 

Manganese ore prices at ports are unlikely to rise this week as more goods will arrive.