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SMM Manganese Ore Weekly Price Review and Forecast (Apr. 7-10, 2015)
Apr 7,2015 17:32CST
price review forecast
Source:SMM
Prices for some classes of manganese ore edged lower at Chinese ports in the week ending April 3.
SHANGHAI, Apr. 7 (SMM) –
Review: 
Prices for some classes of manganese ore edged lower at Chinese ports in the week ending April 3. Prices for Australian ore lost RMB 0.5/mtu due to the arrival of cheaper ore. Some traders withheld goods against losses. 
 
Prices: 
In Tianjin port, mainstream traded prices were RMB 27.5/mtu for Australian manganese ore (Mn46%, lump), RMB 25.5-26/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 25-25.5/mtu for Brazilian manganese ore (Mn45%Fe5%, lump). 
 
In southern ports, Australian manganese ore (Mn46%, lump) was largely quoted at RMB 28.5-28.8/mtu. Mainstream traded prices were RMB 25.8-26/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 25-25.5/mtu for Brazilian manganese ore (Mn45%Fe5%, lump). 

Inventories: 
Inventories at ports totaled 3.05 million mt as of April 3, down slightly from a week ago. Stocks were 30,000 mt at Lianyungang port (excluding bonded stocks), 2 million mt at Tianjin port, 930,000 mt at Qinzhou port, less than 25,000 mt at Zhanjiang port, 30,000 mt at Beihai port, and 40,000 mt at Fangchenggang port. 

Forecast: 
Traders will hold off from selling against continuous price declines, which should help stabilize manganese ore prices at ports this week. 
 
China manganese ore prices

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