Baosteel settles Jul manganese tender

China’s imports of copper ore and concentrate continued to decline in June, falling to 1.59 million mt from 1.69 million mt in May, according to China customs data released on Tuesday. Imports in the first half of the year, however, remained 3% higher year on year. 

About 1.2 million mt of manganese ore production in South Africa is expected to be affected by the 21-day nationwide lockdown aimed at containing the coronavirus, a local trader estimates. President Cyril Ramaphosa announced the three-week lockdown on Monday March 23, including closing mines, starting from midnight Thursday March 26.

Prices of spot manganese have not received significant support from the resumption of downstream demand and have extended their slide this week. SMM expects the prices will remain weak with pressure from elevated inventories of #200 cold- and hot- rolled stainless steel.

Daily output of electrolytic manganese across the region is expected to recover to 100-200 mt in the early stage of the resumption

Average spot prices of electrolytic manganese in China’s main production areas fell 325 yuan/mt month the month in Nov

Exports of refined manganese, which contain unwrought manganese, scrap, and powder, were up 23.07% from Aug

Exports from the world's biggest tin exporter stood at 5,518.62 mt in Aug

The price was up 560 yuan/mt from the purchasing tender for Apr

China exported 6.19 million mt of steel products in Jan, standing 632,000 mt higher than Dec

SMM expects global supplies to increase 19.4%, or 23,700 mt, year on year and total 145,400 mt in 2018