Will Manganese Ore Prices Stabilize After Falling for Two Consecutive Days?-Shanghai Metals Market

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Will Manganese Ore Prices Stabilize After Falling for Two Consecutive Days?

Industry News 03:36:53PM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – Prices for imported manganese ore at Chinese ports have fallen for two days in a row on Wednesday. Are more declines on the way? 

SiMn alloy producers refrain from buying out of fear that ore prices will continue falling and that steel mills will push down SiMn alloy bid prices for October. Besides, ample port stocks also leave them in no rush to buy.  

Many traders surveyed by SMM expressed no intention of large discounting, saying that ore prices are already quite low. Meanwhile, traders expect SiMn alloy producers to begin replenishing stocks for upcoming Chinese National Day holiday in early October. So, any possible decline in ore prices should be marginal.  

EMM was largely offered between 9,700-9,800 yuan per tonne on Wednesday, down 100 yuan per tonne from a day earlier. Poor domestic and overseas demand forced sellers to cut offers. 

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

Origin

Grade

Sept. 23 Price

(yuan/mtu)

Sept. 22 Price

(yuan/mtu)

Price Change

Port

Notes


Australia

lump (Mn47-48%)

24.5-25

25

↓0.25

Tianjin



lump (Mn47-48%)

23.8-24.3

23.8-24.3

Qinzhou, Zhanjiang


South Africa

semi carbonate manganese ore lump (Mn38%   Fe5%)

21

21-21.5

↓0.25

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

20.3-21.8

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.



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


Will Manganese Ore Prices Stabilize After Falling for Two Consecutive Days?

Industry News 03:36:53PM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – Prices for imported manganese ore at Chinese ports have fallen for two days in a row on Wednesday. Are more declines on the way? 

SiMn alloy producers refrain from buying out of fear that ore prices will continue falling and that steel mills will push down SiMn alloy bid prices for October. Besides, ample port stocks also leave them in no rush to buy.  

Many traders surveyed by SMM expressed no intention of large discounting, saying that ore prices are already quite low. Meanwhile, traders expect SiMn alloy producers to begin replenishing stocks for upcoming Chinese National Day holiday in early October. So, any possible decline in ore prices should be marginal.  

EMM was largely offered between 9,700-9,800 yuan per tonne on Wednesday, down 100 yuan per tonne from a day earlier. Poor domestic and overseas demand forced sellers to cut offers. 

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

Origin

Grade

Sept. 23 Price

(yuan/mtu)

Sept. 22 Price

(yuan/mtu)

Price Change

Port

Notes


Australia

lump (Mn47-48%)

24.5-25

25

↓0.25

Tianjin



lump (Mn47-48%)

23.8-24.3

23.8-24.3

Qinzhou, Zhanjiang


South Africa

semi carbonate manganese ore lump (Mn38%   Fe5%)

21

21-21.5

↓0.25

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

20.3-21.8

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.



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