Weekly Review of imported Manganese Mine Market (5.5 to 5.10): it is difficult to improve the Price of transaction-Shanghai Metals Market

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Weekly Review of imported Manganese Mine Market (5.5 to 5.10): it is difficult to improve the Price of transaction

Translation 02:08:16PM May 10, 2019 Source:Shanghai Nonferrous Metals Network

This week, International Labour Day returned from four days short holiday, and the manganese mine market changed the market of sustained price and transaction downturn in the second half of April. The transaction rhythm was accelerated and the trading volume increased, but the overall manganese mine market price remained low and consolidated. Some of the mines have also been slightly downgraded again.

In terms of trading, the north and south manganese ore market has improved, high-grade Australia block, Gabon block transactions have increased significantly, on the one hand, downstream alloy manufacturers after a period of wait-and-see, procurement is more concentrated, the period, spot transaction intention are relatively good; On the other hand, after the continuous decline of the mine price, the mine price has been in a state of low consolidation, and the space for exploration is small, at the same time, the high-grade ore basically comes to the bottom, and the use of the high-grade mine is more conducive to the compression of the marginal cost of production. On the contrary, the recent transaction of the highly favored semi-carbonate mine in South Africa has improved generally, because the price of semi-carbonate manganese ore is stronger than that of other blocks, and the price reduction is relatively small, some southern manufacturers choose Ghana mine to replace it in the short term.

In terms of prices, although the quotations of overseas mines for China's manganese mines were slightly reduced or flat in June, overseas profits are still strong, and strong bargaining power has brought about difficulties in the operation of domestic traders, coupled with the weak and stable prices of downstream alloys. More let manganese mine trade is not as good as before, although the transaction rhythm has improved, but the inventory decline is slow, the domestic supply is still strong, the bargaining power of domestic traders is still weak, low profits and even hanging upside down the market for a short time difficult to change. This week, the downstream alloy prices, the southern and northern markets are down by about 75 yuan / ton compared with last week, followed by some mine prices continue to fall, the puffiness is 0.5 yuan / tonnage lower than last week, and the South African semi-carbonic acid is 0.5 yuan / tonnage lower than last week. Some alloy manufacturers said that they are still slightly lower in the price of manganese ore, but miners said that manganese ore is still at a low level in the short term, the obvious possibility of rising and falling prices is very low.

In June 2019, 46 per cent of the South32 bid was quoted at US $6.72 per tonnage (CIF main port in China), which was the same as in May. Tshipi offered 36% South African semi-carbonate lump ore to China in June 2019 for US $5.90 / tonnage (CIF main port in China), a decrease of US $0.25 / tonnage compared with May. The latest offer for 36% South African semi-carbon block ore in June 2019 was US $5.80 / tonnage (CIF main port in China), a decrease of US $0.54 / tonnage compared with May.

Weekly Review of imported Manganese Mine Market (5.5 to 5.10): it is difficult to improve the Price of transaction

Translation 02:08:16PM May 10, 2019 Source:Shanghai Nonferrous Metals Network

This week, International Labour Day returned from four days short holiday, and the manganese mine market changed the market of sustained price and transaction downturn in the second half of April. The transaction rhythm was accelerated and the trading volume increased, but the overall manganese mine market price remained low and consolidated. Some of the mines have also been slightly downgraded again.

In terms of trading, the north and south manganese ore market has improved, high-grade Australia block, Gabon block transactions have increased significantly, on the one hand, downstream alloy manufacturers after a period of wait-and-see, procurement is more concentrated, the period, spot transaction intention are relatively good; On the other hand, after the continuous decline of the mine price, the mine price has been in a state of low consolidation, and the space for exploration is small, at the same time, the high-grade ore basically comes to the bottom, and the use of the high-grade mine is more conducive to the compression of the marginal cost of production. On the contrary, the recent transaction of the highly favored semi-carbonate mine in South Africa has improved generally, because the price of semi-carbonate manganese ore is stronger than that of other blocks, and the price reduction is relatively small, some southern manufacturers choose Ghana mine to replace it in the short term.

In terms of prices, although the quotations of overseas mines for China's manganese mines were slightly reduced or flat in June, overseas profits are still strong, and strong bargaining power has brought about difficulties in the operation of domestic traders, coupled with the weak and stable prices of downstream alloys. More let manganese mine trade is not as good as before, although the transaction rhythm has improved, but the inventory decline is slow, the domestic supply is still strong, the bargaining power of domestic traders is still weak, low profits and even hanging upside down the market for a short time difficult to change. This week, the downstream alloy prices, the southern and northern markets are down by about 75 yuan / ton compared with last week, followed by some mine prices continue to fall, the puffiness is 0.5 yuan / tonnage lower than last week, and the South African semi-carbonic acid is 0.5 yuan / tonnage lower than last week. Some alloy manufacturers said that they are still slightly lower in the price of manganese ore, but miners said that manganese ore is still at a low level in the short term, the obvious possibility of rising and falling prices is very low.

In June 2019, 46 per cent of the South32 bid was quoted at US $6.72 per tonnage (CIF main port in China), which was the same as in May. Tshipi offered 36% South African semi-carbonate lump ore to China in June 2019 for US $5.90 / tonnage (CIF main port in China), a decrease of US $0.25 / tonnage compared with May. The latest offer for 36% South African semi-carbon block ore in June 2019 was US $5.80 / tonnage (CIF main port in China), a decrease of US $0.54 / tonnage compared with May.