A bit of discrepancy between the Metal Bulletin Mn ore prices and Japanese ore/metal traders website for prices for 44% Grade Mn ore.
Prices for FeMn and SiMn on the increase.
South32 Offers Manganese Ore as April Shipment at Same Price as Before
= Price of lump ore is US$6.72 and Comilog, etc. raise price =
According to the local news report in China, South32, a subsidiary of BHP Billiton Limited (BHPB) offered Australian manganese ore lump with Mn being 46% (GEMCO grade) as April 2019 shipment meant for China at US$6.72/dmtu, unchanged from March shipment. (Hereinafter, the price is per dmtu per 1% of Mn)
On the one hand, the information on the offer prices of Australian manganese ore fine with Mn being 48% (US$6.74 for March shipment) and South African lump ore with Mn being 37% (US$5.94 ditto) has yet to be made clear.
Some of the market participants analyze that South32 set a price cautiously since the port stock of imported manganese ore in China amounted to 3.18 million tons, up from a week ago (3.05 million tons) and up from the end of last month (3.02 million tons).
On the one hand, Eramet Comilog, UMK, Tshipi mine and so on submitted offer prices at a raised price from the prior month up until last week.
GLOBAL MANGANESE WRAP: High-grade ore index retreats; ferro-manganese prices in China soar
The high-grade manganese ore index fell on Friday March 22 after sellers re-entered the market offering at a price stable with last month; in alloys, the Chinese ferro-manganese price rose following the recent recovery in the country’s silico-manganese market.
44% manganese ore index retreats after previous climb Deals for 37% material concluded at higher levels Silico-manganese prices rise in China Alloys stable in Europe US alloy prices bolstered by tight supplies High-grade manganese ore prices retreated in the week ended March 22, giving back gains recorded in the prior week. Fastmarkets’ 44% manganese ore index, cif Tianjin, stood at $6.36 per dmtu on March 22, down by 22 cents per dmtu from $6.58 per dmtu on March 15. The week-on-week fall brings the index back to a similar level it had been at in early March; the index was calculated at $6.39 per dmtu on March 1. Producers of 44% ore tend to go to market once per month and prices rose in the week ended March 15 when a producer raised its offer. In the latest pricing session, another producer returned to the market and offered material.
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