Overseas Mn ore offers: Tshipi September offers for South African 36% Mn ore

South32's initial offers for semi-carbonate manganese ore with 36.5% Mn, for July delivery to China, came in at $4.9/mtu, up $0.36/mtu from a month ago.

South32's second round offers for semi-carbonate manganese ore, for March delivery to China, came in at $4.8/mtu, down $0.15/mtu from initial offers.

South32's initial offers for semi-carbonate manganese ore with 36.5% Mn, for March delivery to China, came in at $4.95/mtu, up $0.45/mtu from a month ago.

SHANGHAI, Sep 2 (SMM) – South32 offered South African semi-carbonate manganese ore with 36% Mn at $4.35/mtu, for October delivery to China, up $0.55/mtu month on month.

Domestic zinc concentrate supply has tightened this year as COVID-19 drove mining companies across Peru and Mexico to halt production. This, combined with sharp declines in domestic zinc concentrate production, lowered treatment charges (TCs) from a high seen early this year. Large quantities of shipments from other countries pushed China’s zinc concentrate imports to a record high in April.

China will stay committed to deeper reform and wider opening-up, and will step up efforts to expand domestic demand and increase the vitality for economic development in the face of growing uncertainties and challenges presented by the COVID-19 pandemic, according to a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Thursday July 30.

Silicon prices returned to a downward trend in June after stabilising in May, as supply increased with ramped-up production in Yunnan and Sichuan, while demand in the domestic and overseas markets failed to post same growth. Trades were thin amid pessimistic sentiment.

Near-term prices of cobalt may find some support as stockpiling demand for cobalt salt increased last week after some workers in mining areas of Congo were tested positive for the coronavirus.

Brazilian manganese ore lumps were quoted at $4-4.2/mtu for 44-45% Mn products, and $3.8/mtu for 40-42% Mn products, for August, according to SMM assessments.

Tshipi offered South African semi-carbonate manganese ore with 36% Mn, for July delivery to China, at $4.5/mtu, down $0.45/mtu from the first round of offers and down $1.05/mtu month on month.