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Weekly Review of imported Manganese Ore (5.24mur5.25): inventory slightly increased and prices fell sharply of 20,000 tons.
May 29,2020 17:32CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Imports of manganese ore fell sharply this week, and trading volume is not good, the market is more bearish about the price of imported manganese ore.

As of Friday, 45.5% of the mainstream quotations in Tianjin, Hong Kong and Macao were 51mur52 yuan / tonnage, the actual transaction price was 51 yuan / tonnage, 44% in Gabon, 51 yuan / tonnage, 50 cents / tonnage, 36% South Africa semi-carbonic acid mainstream quotation 50 yuan / tonnage, 33% South Africa high-speed rail quotation and transaction price 45 million 47 yuan / tonnage, the actual transaction price 45 yuan / tonnage, the actual transaction price was 50 yuan / tonnage, 36% of South Africa semi-carbonic acid mainstream quotation 50 yuan / tonnage, the actual transaction price was 45 yuan / tonnage, 33% South Africa high-speed rail quoted price was 45 yuan / tonnage; Qinzhou, Hong Kong and Macao 45.5% mainstream quotation 52 yuan / tonnage, actual transaction price 50.5 yuan / tonnage, Gabon 44% mainstream quotation 51 yuan / tonnage, actual transaction price 50ly51 yuan / tonnage, 36% South African semi-carbonic acid mainstream quotation 48mur49 yuan / tonnage, actual transaction price 48mur49 yuan / tonnage, South African high-speed railway and South African China Railway 4344 yuan / tonnage, most minerals have dropped by about 10%.

Since last Friday, there has been a downward trend in mineral prices across the country, and on May 24, South African time, South African President Ramafosa announced in a national speech on the current outbreak of the new coronavirus in South Africa that the national blockade level in South Africa has been lowered from level 4 to level 3 from June 1. With regard to mining, the President mentioned in his speech that other sectors that had been opened first, such as agriculture and forestry, public utilities, medical services, food production and the manufacture of sanitary products, would remain fully open. All manufacturing, mining, construction, financial services, professional and business services, information technology, communications, government services and media services have been reopened since June 1st, and mine prices have fallen sharply since the week.

Although there are well-known manganese ore traders to close the market, China Ferroalloy Association launched a relevant call, Tangshan extraction production restrictions and other relatively good news, it is difficult to curb the decline in mineral prices. At the same time, Tianjin Port inventory showed slight signs of rebound this week, with manganese ore from South Africa, Australia and other regions arriving in Hong Kong, Tianjin Port imported 2.7966 million tons of manganese ore inventory this week, an increase of 19300 tons over last week.

Weekly review
Si-mn alloy
manganese ore

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