SMM Manganese Ore Weekly Price Review and Forecast (Jun. 29-Jul. 3, 2015)

Published: Jun 29, 2015 11:57
Manganese ore prices at Chinese ports held largely stable in the week ending June 26.
SHANGHAI, Jun. 29 (SMM) –
 
Review: 
Manganese ore prices at Chinese ports held largely stable in the week ending June 26. Sales at ports were also stable. Supply of Australian ore was modest at China’s northern ports, while supply of Gabonese and Brazilian ore was tight. This is mainly because overseas mining companies cut shipment to China. Overall manganese ore inventories at ports remain high, though.  
 
Prices: 
In Tianjin port, Australian manganese ore (Mn46%, lump) was largely offered at RMB 25-25.5/mtu on June 26, 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). In China’s 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: 
Inventories at ports totaled 2.81 million mt as of June 26, down from a week ago. Stocks were 35,000 mt at Lianyungang port (excluding bonded stocks), 1.93 million mt at Tianjin port, 780,000 mt at Qinzhou port, 15,000 mt of Malaysian ore at Zhanjiang port, 28,000 mt at Beihai port, and 25,000 mt at Fangchenggang port. 
 
Forecast: 
Manganese ore prices at Chinese ports are expected to remain stable this week. Overseas suppliers kept offers for shipment to China in July flat with June, which will offer cost support for prices at domestic ports. Power tariffs in south China might be cut due to the arrival of the rainy season in July, which might encourage SiMn alloy producers to resume production. 
 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
10 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
10 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
10 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
10 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
11 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
11 hours ago
SMM Manganese Ore Weekly Price Review and Forecast (Jun. 29-Jul. 3, 2015) - Shanghai Metals Market (SMM)