South African manganese ore prices in China keep flat
2023-04-25 08:26:45 [Print]
BEIJING (Asian Metal) 25 Apr 23 - Despite the market demand remains weak, the majority of Chinese suppliers of South African manganese ore firm their prices due to the high costs. The current prevailing prices of South African manganese ore Mn 36%min Fe 6%max Si 7%max P 0.03%max stand at RMB33.5-34.5/dmtu (USD4.85-5.00/dmtu) at Qinzhou port, unchanged from late last week. Given the thin profit despite the weak demand, insiders predict that the mainstream prices of South African manganese ore in China would stay unchanged this week.
A trader in South China wants to sell South African manganese ore Mn 36%min Fe 6%max Si 7%max P 0.03%max at RMB33.5/dmtu (USD4.85/dmtu) at Qinzhou port today without any concessions, they hold this quotation since early last week. The trader fails to receive new orders today and they last sold 500t at RMB33.5/dmtu (USD4.85/dmtu) to a regular client mid last week. The trader presently wants to firm their price and expects that the mainstream prices of South African manganese ore in China would stay firm this week due to the thin profit.
The trader, based on a monthly sales volume of nearly 8,000t of manganese ore, estimates to sell nearly 5,000t this month, in line with the previous month. The trader has around 3,000t of inventory now.
Another trader in South China disclosed that they quote RMB34/dmtu (USD4.93/dmtu) for South African manganese ore Mn 36%min Fe 6%max Si 7%max P 0.03%max at Qinzhou port and they could consider the counteroffer as much as RMB0.5/dmtu (USD0.07/dmtu), unchanged from late last week. The trader refused a client who bid RMB33/dmtu (USD4.78/dmtu) for 500t and they last sold 600t at RMB34/dmtu (USD4.93/dmtu) mid last week. Despite the sluggish demand, the trader believes that the mainstream prices of South African manganese ore in China would remain stable this week supported by the thin profit.
With the typical monthly trading volume of around 10,000t, the trader estimates to sell around 5,000t this month, unchanged from last month. They currently have nearly 5,000t of inventory.
A trader in South China wants to sell South African manganese ore Mn 36%min Fe 6%max Si 7%max P 0.03%max at RMB33.5/dmtu (USD4.85/dmtu) at Qinzhou port today without any concessions, they hold this quotation since early last week. The trader fails to receive new orders today and they last sold 500t at RMB33.5/dmtu (USD4.85/dmtu) to a regular client mid last week. The trader presently wants to firm their price and expects that the mainstream prices of South African manganese ore in China would stay firm this week due to the thin profit.
The trader, based on a monthly sales volume of nearly 8,000t of manganese ore, estimates to sell nearly 5,000t this month, in line with the previous month. The trader has around 3,000t of inventory now.
Another trader in South China disclosed that they quote RMB34/dmtu (USD4.93/dmtu) for South African manganese ore Mn 36%min Fe 6%max Si 7%max P 0.03%max at Qinzhou port and they could consider the counteroffer as much as RMB0.5/dmtu (USD0.07/dmtu), unchanged from late last week. The trader refused a client who bid RMB33/dmtu (USD4.78/dmtu) for 500t and they last sold 600t at RMB34/dmtu (USD4.93/dmtu) mid last week. Despite the sluggish demand, the trader believes that the mainstream prices of South African manganese ore in China would remain stable this week supported by the thin profit.
With the typical monthly trading volume of around 10,000t, the trader estimates to sell around 5,000t this month, unchanged from last month. They currently have nearly 5,000t of inventory.
