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SMM Manganese Ore Weekly Price Review and Forecast (Oct. 27-31, 2014)
Oct 27,2014 13:27CST
price review forecast
Source:SMM
Prices for Brazilian and Gabonese manganese ore at China’s southern ports dropped by RMB 0.3-0.5/mtu in the week ending October 24.
SHANGHAI, Oct. 27 (SMM) –
 
Review: 
Prices for Brazilian and Gabonese manganese ore at China’s southern ports dropped by RMB 0.3-0.5/mtu in the week ending October 24. The price decline was largely the result of lackluster downstream demand and tight cash biting traders. 
 
Prices: 
In Tianjin port, mainstream traded prices were RMB 34/mtu for Australian manganese ore (Mn46%, lump), RMB 29-29.2/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 29.8-30/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 29.5-30/mtu for Brazilian manganese ore (Mn45%Fe5%, lump). 
 
Inventories: 
Inventories at China’s major ports totaled 3.15 million mt on October 24, up more than 100,000 mt from a week ago. Stocks are approaching 2 million mt at Tianjin port, 200,000 mt at Lianyungang port, nearly 1 million mt at Qinzhou port, over 1,000 mt at Zhanjiang port, about 40,000 mt at Beihai port, and almost 60,000 mt at Fangchenggang port.  
 
Forecast: 
Manganese ore prices at China’s ports are unlikely to rise this coming week since downstream production is expected to fall. 
 
China manganese ore prices

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