Chinese Australian manganese ore prices remain stable
2023-04-22 03:57:19 [Print]
BEIJING (Asian Metal) 23 Apr 23 – Given that downstream clients purchase steadily, most suppliers of Australian manganese ore in China plan to firm their prices currently. Therefore, the prevailing prices of Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max remain unchanged from early this week at RMB43.5-44.5/dmtu (USD6.31-6.46/dmtu). Considering that most downstream clients purchase from hand to mouth and hold watchful attitudes to the market, insiders forecast that the mainstream prices of Australian manganese ore in China would edge down next week.
A trader in South China offers RMB43.5/dmtu (USD6.31/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Qinzhou port and they refuse to consider any counteroffers, they quoted this price for the whole week. The trader failed to receive an inquiry today and last sold 300t at RMB43.5/dmtu (USD6.31/dmtu) yesterday. Given the demand remains soft, the trader intends to keep the price unchanged at the moment but predicts that the mainstream prices of Australian manganese ore in China would move down next week.
The trader, with the regular monthly trading volume of around 5,000t of Australian manganese ore, thinks they could sell 3,000t in April, unchanged from that in March. The trader has around 5,000t of inventory now.
Another trader in South China wants to sell Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at RMB44/dmtu (USD6.39/dmtu) at Qinzhou port today, and they could consider the price as low as RMB43.5/dmtu (USD6.31/dmtu) for regular clients, in line with early this week. The trader received an inquiry today but failed to close the deal as the client intended to purchase 500t at RMB43/dmtu (USD6.24/dmtu). They last sold 1,000t at RMB43.5/dmtu (USD6.31/dmtu) mid this week. Given that the market still stays in the low position, the trader considers declining their price and believes that the mainstream prices of Australian manganese ore would decrease slightly in the coming days.
Based on the typical monthly sales volume of nearly 8,000t of Australian manganese ore, sold around 6,000t last month. They estimate to sell about 6,000t this month, holding around 10,000t of stocks at present.
A trader in South China offers RMB43.5/dmtu (USD6.31/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Qinzhou port and they refuse to consider any counteroffers, they quoted this price for the whole week. The trader failed to receive an inquiry today and last sold 300t at RMB43.5/dmtu (USD6.31/dmtu) yesterday. Given the demand remains soft, the trader intends to keep the price unchanged at the moment but predicts that the mainstream prices of Australian manganese ore in China would move down next week.
The trader, with the regular monthly trading volume of around 5,000t of Australian manganese ore, thinks they could sell 3,000t in April, unchanged from that in March. The trader has around 5,000t of inventory now.
Another trader in South China wants to sell Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at RMB44/dmtu (USD6.39/dmtu) at Qinzhou port today, and they could consider the price as low as RMB43.5/dmtu (USD6.31/dmtu) for regular clients, in line with early this week. The trader received an inquiry today but failed to close the deal as the client intended to purchase 500t at RMB43/dmtu (USD6.24/dmtu). They last sold 1,000t at RMB43.5/dmtu (USD6.31/dmtu) mid this week. Given that the market still stays in the low position, the trader considers declining their price and believes that the mainstream prices of Australian manganese ore would decrease slightly in the coming days.
Based on the typical monthly sales volume of nearly 8,000t of Australian manganese ore, sold around 6,000t last month. They estimate to sell about 6,000t this month, holding around 10,000t of stocks at present.
