[SiMn Price] Severe Oversupply Pushes Down SiMn Alloy Bid Prices-Shanghai Metals Market

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[SiMn Price] Severe Oversupply Pushes Down SiMn Alloy Bid Prices

Industry News 01:50:11PM Aug 04, 2015 Source:SMM

SHANGHAI, Aug. 4 (SMM) – A severe overhang of SiMn alloy allowed major steel mill to cut SiMn alloy bid prices for August bookings. 

Hebei Iron & Steel Group cut slashed bid price of 65/17 SiMn alloy for August bookings by 200 yuan per tonne to 5,250 yuan per tonne. The steel mill plans to purchase 25,600 tonnes of SiMn alloy in August, down 2,010 tonnes from July. 

EMM in China was mainly offered at 9,900-10,000 yuan per tonne on August 4, unchanged from a day earlier. 

The table below shows prices of imported manganese ore at China’s major ports:

Origin

Grade

Aug. 4 Price

(yuan/mtu)

Aug. 3 Price

(yuan/mtu)

Price Change

Port

Notes


Australia

lump (Mn47-48%)

25

25

Tianjin



lump (Mn47-48%)

24.7-25

24.7-25

Qinzhou, Zhanjiang


South Africa

semi carbonate manganese ore lump (Mn38%   Fe5%)

21.5-22

21.5-22

Tianjin, Lianyungang



semi carbonate manganese ore lump (Mn38%   Fe5%)

21.5

21.5

Qinzhou, Fangchenggang


Brazil

lump (Mn44-45%)

21.5-22

21.5-22

Qinzhou, Zhanjiang



lump (Mn44-45%)

0

0

shortage

Tianjin, Lianyungang


Malaysia

lump (Mn33% Fe10%)

19.5-20

19.5-20

Tianjin



lump (Mn33% Fe10%)

19.5-20

19.5-20

Zhanjiang, Qinzhou


Notes: prices in the table refer to mainstream traded prices.



For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

[SiMn Price] Severe Oversupply Pushes Down SiMn Alloy Bid Prices

Industry News 01:50:11PM Aug 04, 2015 Source:SMM

SHANGHAI, Aug. 4 (SMM) – A severe overhang of SiMn alloy allowed major steel mill to cut SiMn alloy bid prices for August bookings. 

Hebei Iron & Steel Group cut slashed bid price of 65/17 SiMn alloy for August bookings by 200 yuan per tonne to 5,250 yuan per tonne. The steel mill plans to purchase 25,600 tonnes of SiMn alloy in August, down 2,010 tonnes from July. 

EMM in China was mainly offered at 9,900-10,000 yuan per tonne on August 4, unchanged from a day earlier. 

The table below shows prices of imported manganese ore at China’s major ports:

Origin

Grade

Aug. 4 Price

(yuan/mtu)

Aug. 3 Price

(yuan/mtu)

Price Change

Port

Notes


Australia

lump (Mn47-48%)

25

25

Tianjin



lump (Mn47-48%)

24.7-25

24.7-25

Qinzhou, Zhanjiang


South Africa

semi carbonate manganese ore lump (Mn38%   Fe5%)

21.5-22

21.5-22

Tianjin, Lianyungang



semi carbonate manganese ore lump (Mn38%   Fe5%)

21.5

21.5

Qinzhou, Fangchenggang


Brazil

lump (Mn44-45%)

21.5-22

21.5-22

Qinzhou, Zhanjiang



lump (Mn44-45%)

0

0

shortage

Tianjin, Lianyungang


Malaysia

lump (Mn33% Fe10%)

19.5-20

19.5-20

Tianjin



lump (Mn33% Fe10%)

19.5-20

19.5-20

Zhanjiang, Qinzhou


Notes: prices in the table refer to mainstream traded prices.



For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.