Chinese Australian manganese ore prices remain stable
2023-04-26 08:30:25 [Print]
BEIJING (Asian Metal) 26 Apr 23 – Because of the stable market, most suppliers of Australian manganese ore in China intend to hold their prices unchanged. Hence, the current prevailing prices of Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Tianjin port stay unchanged from late last week at RMB43-44/dmtu (USD6.22-6.37/dmtu). Although the downstream clients purchase inactively, insiders expect that the mainstream prices of Australian manganese ore in China would remain stable in the coming days supported by the thin profit.
A trader in North China quotes RMB44/dmtu (USD6.37/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Tianjin port today and they could consider the price as low as RMB43.5/dmtu (USD6.29/dmtu), in line with late last week. The trader last sold 1,000t at RMB43.5/dmtu (USD6.29/dmtu) late last week and they closed no deal after that. Based on the stable market, the trader expects that the mainstream prices of Australian manganese ore in China would stay firm this week.
The trader, with the regular monthly sales volume of around 20,000t of Australian manganese ore, predicts to sell approximately 10,000t in April, on par with the previous month. The trader holds nearly 20,000t of stocks now.
Another trader in North China offers RMB44/dmtu (USD6.37/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Tianjin without counteroffers port today, unchanged from the end of last 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 2,000t at RMB44/dmtu (USD6.37/dmtu) mid last week and they received an inquiry of 500t at RMB44/dmtu (USD6.37/dmtu). Because the market runs slow now, the trader foresees that the mainstream prices of Australian manganese ore would stay unchanged this week.
With the typical monthly trading volume of nearly 3,000t of Australian manganese ore, the trader estimates to sell around 20,000t this month, unchanged from last month. They hold nearly 20,000t of inventory at the moment.
A trader in North China quotes RMB44/dmtu (USD6.37/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Tianjin port today and they could consider the price as low as RMB43.5/dmtu (USD6.29/dmtu), in line with late last week. The trader last sold 1,000t at RMB43.5/dmtu (USD6.29/dmtu) late last week and they closed no deal after that. Based on the stable market, the trader expects that the mainstream prices of Australian manganese ore in China would stay firm this week.
The trader, with the regular monthly sales volume of around 20,000t of Australian manganese ore, predicts to sell approximately 10,000t in April, on par with the previous month. The trader holds nearly 20,000t of stocks now.
Another trader in North China offers RMB44/dmtu (USD6.37/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Tianjin without counteroffers port today, unchanged from the end of last 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 2,000t at RMB44/dmtu (USD6.37/dmtu) mid last week and they received an inquiry of 500t at RMB44/dmtu (USD6.37/dmtu). Because the market runs slow now, the trader foresees that the mainstream prices of Australian manganese ore would stay unchanged this week.
With the typical monthly trading volume of nearly 3,000t of Australian manganese ore, the trader estimates to sell around 20,000t this month, unchanged from last month. They hold nearly 20,000t of inventory at the moment.
