SHANGHAI, May 18 (SMM) –
Prices for Australian and South African manganese ore inched up at Chinese ports in the week ending May 15. Prices for Gabonese manganese ore and ore imported from non-major supplying countries changed little. SiMn alloy producers that used to stockpile stocks for one week of production now prefer to buy on a 15-day basis or monthly basis.
In Tianjin port, Australian manganese ore (Mn46%, lump) was largely offered at RMB 25-25.5/mtu last Friday, RMB 21.5-22/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 21-21.5/mtu for Brazilian manganese ore (Mn45%Fe5%, lump).
In southern ports, Australian manganese ore (Mn46%, lump) was largely quoted at RMB 25-25.5/mtu, RMB 21.5-22/mtu for South African semi carbonate manganese ore (Mn38%, lump), and RMB 21.5-22/mtu for Brazilian manganese ore (Mn45%Fe5%, lump).
Inventories at ports totaled 2.87 million mt as of May 15, down nearly 100,000 mt from a week ago. Stocks were 30,000 mt (excluding bonded stocks) at Lianyungang port, 1.96 million mt at Tianjin port, 800,000 mt at Qinzhou port, 20,000 mt at Zhanjiang port, 28,000 mt at Beihai port, and 30,000 mt at Fangchenggang port.
Operating rates at downstream producers did not increase markedly. Port inventories remain high, As such, manganese ore prices at ports might stay at current levels this week.