The mainstream assessment for manganese ore are 47% Australia Lump at Tianjin port Yuan 25-25.5/mtu, 47% Australia Lump Qinzhou Yuan 25/mtu; 37% South Africa Semi-manganese carbonate lump Tianjin port Yuan 21.5-22/mtu and Qinzhou Yuan 22/mtu.
The import market continues the trend from last weekend that many traders are willing to push the price up. The RMB Yuan has been depreciating heavily for two days, the current rate to US dollar has gone up and several import offers are all even. All of these push the import price up. The increasing prices for traders are not the same as the offers are a mess. Several traders who are willing to sell are slightly rising the price considering that the cost of import is low. The sales of manganese ore are shouldering pressure as high price trades are scares and the downstream market condition is not well. Poor silicomanganese market has diminished the pulling effect of RMB Yuan depreciation and supporting power is limited.
The mainstream assessment of north silicomanganese 6517 is at Yuan 4800-5000/ton (plus tax), south silicomanganese 6517 Yuan 5000-5100/ton (plus tax) and silicomanganese 6014 Yuan 4100-4200/ton (plus tax).
The mainstream assessment of high carbon ferromanganese Mn65C7.0 is at Yuan 4000-4100/ton (plus tax), mid carbon ferromanganese Mn75C2.0 Yuan 6600-6700/ton (plus tax), low carbon ferromanganese Mn80C0.4 Yuan 8600-8800/ton (plus tax).
The silicomanganese market is stable and weak today. The market is at the stage of reshuffle as the steel market going down. There are more and more production pause or reduce since August and "the military parade blue" push the idea into practice. The competition is fierce and hesitation dominates the market. |