Home / Metal News / Zinc / SMM Manganese Ore Weekly Price Review and Forecast (Feb. 2-6, 2015)
SMM Manganese Ore Weekly Price Review and Forecast (Feb. 2-6, 2015)
Feb 2,2015 15:13CST
price review forecast
Source:SMM
Manganese ore prices across China’s major ports fell slightly in the week ending January 30.
SHANGHAI, Feb. 2 (SMM) –
 
Review: 
Manganese ore prices across China’s major ports fell slightly in the week ending January 30. Steel mills cut SiMn alloy procurement prices for delivery in February, which had a knock-on effect on manganese ore prices at ports. Besides, slack demand was also blamed for lower manganese ore prices. 
 
Prices: 
In Tianjin port, mainstream traded prices were RMB 33.5/mtu for Australian manganese ore (Mn46%, lump), RMB 28.8-29/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 29/mtu for Brazilian manganese ore (Mn45%Fe5%, lump). 
 
In southern ports, Australian manganese ore (Mn46%, lump) was largely quoted at RMB 32/mtu. Mainstream traded prices were RMB 28.5-28.8/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 27.5-28/mtu for Brazilian manganese ore (Mn45%Fe5%, lump). 
Inventories: 
 
Inventories: 
Inventories at ports totaled 2.94 million mt on January 30. Stocks were 1 mt at Lianyungang port (excluding bonded stocks), 2.04 million mt at Tianjin port, 800,000 mt at Qinzhou port, 30,000 mt at Beihai port, and 50,000 mt at Fangchenggang port. 

Forecast: 
Manganese ore prices at ports are expected to inch down this week, tracking SiMn alloy prices. 
 
 
China manganese ore prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news