POSCO manganese purchasing price fall in Sept tender

Published: Aug 20, 2018 15:02

Save

Purchasing price for its Sept tender settled at $2,509/mt cfr over the weekend, down some 11% from Aug

SHANGHAI, Aug 20 (SMM) – South Korean steelmaker POSCO settled the purchasing price of manganese for its September tender at $2,509/mt cfr over the weekend, SMM learned.

This is down some 11% from its August tender at $2,805/mt cfr.

Procurement volume for the September tender stood at 4,712 mt.

SMM assessments showed that manganese prices in major producing areas across China remained unchanged from Thursday, suggesting that the prices temporarily stemmed their tumbles. Last week’s brisk transactions helped to ease inventory pressure at producers.

SMM learned that traded prices on Monday stood close to 17,500 yuan/mt in cash, ex-factory.

Market commentary Manganese

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Tungsten Scrap Prices Rise in Europe and India, Up to 8% Increase Recorded

[SMM Tungsten Express] As of March 5, SMM data shows European tungsten scrap drill tips quoted at €95-105/kg, averaging €100/kg, up 8% from February 26; European scrap carbide blades at €97.5/kg. Indian FOB scrap drill tips at $125-140/kg, up $20 from last week; scrap carbide blades FOB at $110-125/kg.

5 hours ago

European Tungsten Prices Continue Upward Trend, APT and Ferrotungsten See Significant Increases

[SMM Tungsten Express] As of March 5, European tungsten prices continued their upward trend. According to SMM data, APT CIF Rotterdam port is quoted at $2,100-2,200/mtu, averaging $2,150/mtu, up 16.22% from February 26. Ferrotungsten Rotterdam warehouse is quoted at $250-260/kg W, averaging $255/kg W, up 21.43% from February 26.

5 hours ago

7 hours ago

Ganzhou Tungsten Association Significantly Raises Its March 2026 Tungsten Market Forecast Price

[Tungsten Industry News Flash] SMM, March 5: Ganzhou Tungsten Association’s forecast tungsten market prices for March 2026: 55% black tungsten ore concentrate at 900,000 yuan/standard tonne (65%WO3 basis), up 230,000 yuan/standard tonne MoM from February; ammonium paratungstate at 1.33 million yuan/mt, up 360,000 yuan/mt MoM; medium-grain tungsten powder at 2,200 yuan/kg, up 570 yuan/kg MoM.

7 hours ago