Magang lowers manganese purchasing price

Published: Dec 6, 2018 14:35

Save

Magang settled the purchasing price of manganese flake for its Dec tender at 13,350 yuan/mt

SHANGHAI, Dec 6 (SMM) – Anhui steelmaker Maanshan Iron & Steel, also known as Magang, settled the purchasing price of manganese flake for its December tender at 13,350 yuan/mt earlier this week, SMM learned.

This is 16.3%, or 2,600 yuan/mt, lower than its November tender. The price would be paid in acceptance and includes transport costs and tax.

Procurement volume for Magang’s December tender stood at 660 mt.

Earlier this week, Hebei Iron and Steel Group (HBIS Group), also known as Hesteel Group or Hegang, also settled its purchasing prices of manganese flake and manganese metal ingot for its December tender at 13,440 yuan/mt and 14,060 yuan/mt, respectively, tender fee included.

Excluding tender fee, the prices came in at 12,900 yuan/mt for manganese flake with procurement volume of 800 mt, and 13,500 yuan/mt for manganese metal ingot with procurement volume of 1,530 mt.

The price would be paid in acceptance and includes transport costs and tax.

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 for 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

13 hours ago

The secondary aluminum market moves sideways, and the supply-demand weakness pattern continues during the off-season [Weekly Review of Aluminum Scrap and Secondary Aluminum].

[Aluminum Scrap and Secondary Aluminum Weekly Review: Secondary Aluminum Market Moved Sideways, Off-Season Supply-Demand Weakness Pattern Continued] This week, aluminum scrap prices moved sideways overall. On July 16, SMM A00 spot aluminum prices closed at 23,170 yuan/mt, rebounding 220 yuan/mt from last Thursday. Regarding the price difference, on July 16, the price difference between A00 aluminum and mixed aluminum extrusion scrap free of paint in Foshan was 1,972 yuan/mt, and the price difference between A00 aluminum and shredded aluminum tense scrap was 658 yuan/mt, still at extremely low levels.

13 hours ago

Silicon Metal Back in Stalemate After Breakdown Rebound, Market Trading Cools [SMM Silicon Industry Weekly Review]

[Silicon Metal Rebounds After Breakdown Then Stagnates Again; Market Trading Heat Cools]: This week, the most-traded silicon metal futures contract price returned to around 8,450 yuan/mt and moved sideways, with a narrowed fluctuation range. During the week, overall market open interest continued to decline. The most-traded 09 contract’s open interest fell 53,000 lots from last Friday, and the weighted open interest of all contracts fell 54,000 lots from last Friday. Market trading sentiment cooled, and wait-and-see sentiment among funds increased. Spot prices as of July 16: SMM east China oxygen-blown #553 silicon stood at 9,100-9,200 yuan/mt (up 150 yuan/mt WoW), #441 silicon at 9,200-9,300 yuan/mt (up 50 yuan/mt WoW), and #421 silicon at 9,300-9,400 yuan/mt (flat WoW). During the week, silicon enterprises’ offers mostly remained stable. After active procurement transactions last week by traders and some downstream players, market trading heat declined this week. Silicon metal buying and selling were in a stalemate, and prices shifted to consolidation.

13 hours ago

Silicone product prices plunged sharply, with bearish sentiment dominating the market [SMM Silicone Weekly Review]

[SMM Silicone Weekly Review: Prices of Silicone Products Fell Sharply, Market Dominated by Bearish Sentiment] This week, although China's silicone DMC market supply contracted slightly, it remained larger than demand overall. The tug-of-war between upstream and downstream intensified, and the market returned to a state of price war competition. Transaction prices dropped sharply to a low for the year.

13 hours ago