Metals News
Manganese Ore Prices Fall at Chinese Ports on Poor Demand
industry news
02:19PM
Sep 22,2015
Source:SMM

SHANGHAI, Sept. 22 (SMM) – Prices for imported manganese ore at Chinese ports dropped on September 22 as pessimism prevails in downstream market. 

A growing number of SiMn alloy producers are milling over production cuts or halts against sluggish market conditions. Many are worried that steel mills might push down SiMn alloy bid prices for October. Power tariffs in south China might rise in October when the high-water period comes to an end. This would discourage SiMn alloy production.  

EMM was largely offered between 9,800-9,900 yuan per tonne on Tuesday. Worsening supply/demand balance could exert downward pressure on EMM prices. 

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

Origin

Grade

Sept. 22 Price

(yuan/mtu)

Sept. 21 Price

(yuan/mtu)

Price Change

Port

Notes


Australia

lump (Mn47-48%)

25

25

Tianjin



lump (Mn47-48%)

23.8-24.3

24-24.5

↓0.2

Qinzhou, Zhanjiang


South Africa

semi carbonate manganese ore lump (Mn38%   Fe5%)

21-21.5

21-21.5

Tianjin, Lianyungang



semi carbonate manganese ore lump (Mn38%   Fe5%)

21.5-21.8

21.5-21.8

Qinzhou, Fangchenggang


Brazil

lump (Mn44-45%)

20.3-21.8

20.8-21.3

↓0.5

Qinzhou, Zhanjiang



lump (Mn44-45%)

21-21.5

21-21.5

Tianjin, Lianyungang


Malaysia

lump (Mn33% Fe10%)

19-19.5

19-19.5

Tianjin



lump (Mn33% Fe10%)

19-19.5

19-19.5

Zhanjiang, Qinzhou


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



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