The price of imported manganese ore, especially for high grade materials from Australia and Africa, remains high and stable. Market participants believe the situation will last for the whole quarter.
AWith a consumption of 2,000tpm of imported manganese ore, a Liaoning-based smelter informed the price of Australian lumpy manganese ore 45% stays stable at RMB138/dmtu (USD17.85/dmtu) ex ports for the past month.
"There is little possibility for the price of imported high grade materials to continue to move up even in the fourth quarter, as few smelters will accept higher offers," said the source. "However, it will not drop greatly either, and the price is likely to keep stable till the end of this year."
A trader in Guangdong, offers RMB110/dmtu (USD14.23/dmtu) for Turkish manganese ore 35.6-38%, Fe 1.5%max and P 0.1%max, and he has sold about 2,500t of the material at this price in the past month.
The source reported the market generally keeps stable for high grade materials, while the price of imported manganese ore from Southeast Asia keeps climbing slightly now.
"Our purchase price stays stable at above USD11/dmtu CIF CMP, but I learnt that the price of imported Southeast Asian manganese ore 40% has increased to above USD9/dmtu CIF CMP from USD5-6/dmtu two month ago," said the source." Therefore if the market slows down, the price of low grade materials will firstly drop, and I believe the price of other mainstream manganese ore will generally remain stable."
AWith a consumption of 2,000tpm of imported manganese ore, a Liaoning-based smelter informed the price of Australian lumpy manganese ore 45% stays stable at RMB138/dmtu (USD17.85/dmtu) ex ports for the past month.
"There is little possibility for the price of imported high grade materials to continue to move up even in the fourth quarter, as few smelters will accept higher offers," said the source. "However, it will not drop greatly either, and the price is likely to keep stable till the end of this year."
A trader in Guangdong, offers RMB110/dmtu (USD14.23/dmtu) for Turkish manganese ore 35.6-38%, Fe 1.5%max and P 0.1%max, and he has sold about 2,500t of the material at this price in the past month.
The source reported the market generally keeps stable for high grade materials, while the price of imported manganese ore from Southeast Asia keeps climbing slightly now.
"Our purchase price stays stable at above USD11/dmtu CIF CMP, but I learnt that the price of imported Southeast Asian manganese ore 40% has increased to above USD9/dmtu CIF CMP from USD5-6/dmtu two month ago," said the source." Therefore if the market slows down, the price of low grade materials will firstly drop, and I believe the price of other mainstream manganese ore will generally remain stable."
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