Weekly Review of imported Manganese Mine (10.8-10.11): further increase in Northern inventory after the sharp fall in the Price of Manganese Mine (10.8-10.11)

Publicado: Oct 11, 2019 17:56 (GMT+8)

The price of imported manganese ore fell significantly this week, all the mainstream minerals have entered the loss line, and the losses of some minerals are still expanding.

As of Friday, 45% of Tianjin Port Australia mainstream quotation 45-46 yuan / tonnage, South Africa semi-carbonic acid mainstream quotation 40.542 yuan / tonnage, 44% Capone mainstream quotation 43-44 yuan / tonnage, 44% Brazilian mainstream quotation 4344 yuan / tonnage; Qinzhou Port 45% Australian mainstream quotation 45.5-46.5 yuan / tonnage, South Africa semi-carbonic acid mainstream quotation 41-42.5 yuan / tonnage, 44% Capone mainstream quotation 43-44 yuan / tonnage, 44% Brazilian mainstream quotation 4344 yuan / tonnage. (some traders ship below the mainstream price of 0.5 yuan per tonne)

The prices of manganese mines fell by 1-1.5 yuan per tonnage this week, and the decline in Tianjin Port was more obvious than that in Qinzhou Port. The price of silicon and manganese in the lower reaches fell obviously this week, which had a greater impact on manganese ore prices. At the same time, manganese ore stocks of 4.07 million tons this week, Tianjin Port 2.934 million tons, Qinzhou Port 930000 tons of northern inventory high cash flow pressure on some traders, low prices forced to go.

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Weekly Review of imported Manganese Mine (10.8-10.11): further increase in Northern inventory after the sharp fall in the Price of Manganese Mine (10.8-10.11) - Shanghai Metals Market (SMM)