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China Manganese Ore Market Movement (2015-1-13)

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Manganese Ore Market: 
Manganese ore prices across China’s major ports stabilized on Tuesday. However, manganese ore prices remain under downward pressure. This is because operation rates at downstream producers in south China are extremely low due to high production costs, and operating rates in north China are falling.

SiMn Alloy Market: 
60/14 SiMn alloy prices fell as steel mills pushed for lower input costs, denting production enthusiasm. Demand for 60/14 SiMn alloy is unlikely to pick up as small and medium steel mills will not resume production anytime soon. Steel mills cut procurement prices for FeMn by RMB 100/mt due to ample FeMn supply. 

Prices of imported manganese ore are shown in the table below:  

Origin

Grade

Jan. 13 Price

(RMB/mtu)

Jan. 12 Price

(RMB/mtu)

Price Change

Port

Notes

 

Australia

lump (Mn47-48%)

34

34

Tianjin

 

lump (Mn47-48%)

32-32.5

32-32.5

Qinzhou,Zhanjiang

 

South Africa

semi carbonate manganese ore lump (Mn38% Fe5%)

29-29.5

29-29.5

Tianjin,Lianyungang

   

semi carbonate manganese ore lump (Mn38% Fe5%)

29.1-29.2

29.1-29.2

Qinzhou,Fangchenggang

 

Brazil

lump (Mn44-45%)

28.2-28.4

28.2-28.4

Qinzhou,Zhanjiang

 

lump (Mn44-45%)

29

29

Tianjin,Lianyungang

 

Malaysia

lump (Mn33% Fe10%)

27-28

27-28

Tianjin

 

lump (Mn33% Fe10%)

27.5-28

27.5-28

Zhanjiang,Qinzhou

 

Notes: prices in the table refer to mainstream traded prices.

Article Categories:
Metals · Raw materials

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