Guizhou Jinyuan signs manganese ore importing agreements in CIIE
2018-11-15 11:49:13 [Print]
On Nov 5, CPI Guizhou Jinyuan Group Co., Ltd. successfully signed imported manganese ore supply agreements with overseas traders at the first China International Import Expo (CIIE).
Imported manganese ore is an essential raw material for the production of manganese alloy products for the integrated cycle economy project of CPI Guizhou Jinyuan Group, and the annual demand is around 900,000 tons. Guizhou Jinyuan took the opportunity of CIIE and signed agreements with OM Materials(s) Pte Ltd. and Asia Minerals Limited. OM Materials(s) would supply manganese ore 300,000t at USD7,602 or RMB52,681.86, and Asia Minerals would supply 200,000t at USD4,968 or RMB34,428.24, both based on the current market price and exchange rate.
The company purchased a total of 500,000t of imported manganese ore and completed 55.56% of the purchase of raw material manganese ore, providing raw material security for the integrated cycle economy project of CPI Guizhou Jinyuan Group.
Imported manganese ore is an essential raw material for the production of manganese alloy products for the integrated cycle economy project of CPI Guizhou Jinyuan Group, and the annual demand is around 900,000 tons. Guizhou Jinyuan took the opportunity of CIIE and signed agreements with OM Materials(s) Pte Ltd. and Asia Minerals Limited. OM Materials(s) would supply manganese ore 300,000t at USD7,602 or RMB52,681.86, and Asia Minerals would supply 200,000t at USD4,968 or RMB34,428.24, both based on the current market price and exchange rate.
The company purchased a total of 500,000t of imported manganese ore and completed 55.56% of the purchase of raw material manganese ore, providing raw material security for the integrated cycle economy project of CPI Guizhou Jinyuan Group.
Manganese Ore S.A. 37%min In Qinzhou Port
Unit:RMB/mtu
China manganese flake producers' sales to production ratio statistics by province by month
Unit: %
