Overseas Mine Price Cuts to Weigh Heavily on China Manganese Ore Prices

Industry News 01:45:00PM May 18, 2016 Source:SMM

SHANGHAI, May 18 (SMM) – Major overseas mines have cut manganese ore prices offered to Chinese buyers for June shipment, and this will put ore prices at Chinese ports at higher risks of falling, SMM expects.

Comilog offered Gabonese ore (lump, Mn45%, Fe<5%) at $3.75/mtu (CIF) and Gabonese ore (granule, Mn43, Fe<5%) at $ 3.55/mtu (CIF), both down $0.45/mtu from May. South32 announced offers of Australian ore (lump, Mn45.5-46%, Fe<5%) at $4.0/mtu (CIF) and Australian ore (granule, Mn49, Fe<5%) at $ 3.85/mtu (CIF), down slightly from May.  

In fact, these offers by overseas suppliers are lower than offers at Chinese ports, offering to cost support. 

SiMn alloy producers in China are under growing pressure to cut production against losses, which will only make already sluggish manganese ore market at ports even worse.

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

Origin

Grade

May 18 Price

(yuan/mtu)

May 17 Price

(yuan/mtu)

Price Change

Port

Notes


Australia

lump (Mn47-48%)

34

34

Tianjin



lump (Mn47-48%)

34-34.5

34-34.5

Qinzhou, Zhanjiang


South Africa

semi carbonate manganese ore lump   (Mn38%       Fe5%)

30

30-30.5

0.25

Tianjin, Lianyungang



semi carbonate manganese ore lump   (Mn38% Fe5%)

32.5

32.5

Qinzhou, Fangchenggang


Brazil

lump (Mn44-45%)

31-32

31-32

Qinzhou, Zhanjiang



lump (Mn44-45%)

no goods available

no goods available

——

Tianjin, Lianyungang


Malaysia

lump (Mn33% Fe10%)

20

20

Tianjin



lump (Mn33% Fe10%)

21

21

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.


Relative News

Overseas Mine Price Cuts to Weigh Heavily on China Manganese Ore Prices

Industry News 01:45:00PM May 18, 2016 Source:SMM

SHANGHAI, May 18 (SMM) – Major overseas mines have cut manganese ore prices offered to Chinese buyers for June shipment, and this will put ore prices at Chinese ports at higher risks of falling, SMM expects.

Comilog offered Gabonese ore (lump, Mn45%, Fe<5%) at $3.75/mtu (CIF) and Gabonese ore (granule, Mn43, Fe<5%) at $ 3.55/mtu (CIF), both down $0.45/mtu from May. South32 announced offers of Australian ore (lump, Mn45.5-46%, Fe<5%) at $4.0/mtu (CIF) and Australian ore (granule, Mn49, Fe<5%) at $ 3.85/mtu (CIF), down slightly from May.  

In fact, these offers by overseas suppliers are lower than offers at Chinese ports, offering to cost support. 

SiMn alloy producers in China are under growing pressure to cut production against losses, which will only make already sluggish manganese ore market at ports even worse.

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

Origin

Grade

May 18 Price

(yuan/mtu)

May 17 Price

(yuan/mtu)

Price Change

Port

Notes


Australia

lump (Mn47-48%)

34

34

Tianjin



lump (Mn47-48%)

34-34.5

34-34.5

Qinzhou, Zhanjiang


South Africa

semi carbonate manganese ore lump   (Mn38%       Fe5%)

30

30-30.5

0.25

Tianjin, Lianyungang



semi carbonate manganese ore lump   (Mn38% Fe5%)

32.5

32.5

Qinzhou, Fangchenggang


Brazil

lump (Mn44-45%)

31-32

31-32

Qinzhou, Zhanjiang



lump (Mn44-45%)

no goods available

no goods available

——

Tianjin, Lianyungang


Malaysia

lump (Mn33% Fe10%)

20

20

Tianjin



lump (Mn33% Fe10%)

21

21

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.