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Home / Metal News / One Steel Plant in Jiangsu Hikes EMM Bid Solicitation Price for September

One Steel Plant in Jiangsu Hikes EMM Bid Solicitation Price for September

Sep 11, 2017 13:01

Source:SMM

One steel plant in Jiangsu hiked bid solicitation price for EMM ingot by 500 to 12,600 yuan per tonne(including tax, price to factory, by acceptance) in September.

SHANGHAI, Sept. 11 (SMM) - One steel plant in Jiangsu hiked bid solicitation price for EMM ingot by 500 to 12,600 yuan per tonne(including tax, price to factory, by acceptance) in September.

UMK Raises November Quotes for Manganese Ore for China

Purchase volume is 2,200 tonnes.

Tshipi Hikes Manganese Ore Quotes for China in October

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The average spot prices of EMM in main producing areas fell by 500 yuan/mt to 15,000-17,300 yuan/mt compared with the average prices before the Qingming festival, and the average prices of FOB fell by $100/mt to $2,500-2,800/mt.

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SMM Comments

SMM Review of Domestic and Overseas EMM Market

As of March 25, the average EMM prices across the major EMM producing regions fell by 3,500 yuan/mt on the week, with mainstream prices ranging between 18,000-22,000 yuan/mt. The overall decline eased in the second half of last week, with a cool atmosphere for supply and demand negotiations.

Mar 28, 2022 16:45

SMM Insight

SMM Review of Domestic and Overseas EMM Market

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The overhaul impacted the output of a large smelter in the south by a combined 40,000 mt across its three smelters, which exceeded expectations.

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Domestic manganese ore supply grew by 15% in 2018 due to significant inflows of imported resources, even as domestic production shrank further amid environmental pressures.

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SMM Insight

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According to SMM statistics, the total supply of EMM in November was 91,300 mt, a decrease of 5% from the previous month. At the beginning of December, both supply and demand in the manganese market were weak, and the decline in the social inventories slowed down.

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Analysis

Manganese Market Releases Information on Suspension of Production

The average EMM prices across the three major EMM producing (Songtao in Guizhou, Huayuan in Hunan, and Xiushan in Chongqing) and Guangxi stood at 40,000-40,500 yuan/mt last week, down 1,250 yuan/mt from a week ago.

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SMM Insight SMM Comments

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Western Gold announced on November 8 that it intends to purchase the equities of Akto Kebang Manganese Manufacturing Co., Ltd. (referred to as "Kebang Manganese"), Akto Baiyuanfeng Mining Industry Co., Ltd. (referred to as "Baiyuanfeng"), and Xinjiang Mengxin Tianba Mining Investment Co., Ltd. (referred to as "Mengxin Tianba"), and it will issue shares to qualified investors to raise matching funds.

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China’s total exports of wrought manganese, manganese products, unwrought manganese, shredded scrap, and powder stood at 33,100 mt in August, down 4.32% month on month but up 22.73% year on year, according to SMM statistics.

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Manganese prices stayed firm in May as Ningxia Tianyuan Manganese, the biggest manganese producer in the world, cut production by 25% from the middle of May. Purchasing prices in tenders by steel mill

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Manganese prices stay firm on production cut at world’s largest producer

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One Steel Plant in Jiangsu Hikes EMM Bid Solicitation Price for September

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