Chinese Australian manganese ore prices stay unchanged

BEIJING (Asian Metal) 22 March 23 – Although the current market shows a weak demand, most suppliers of Australian manganese ore in China remain their prices unchanged supported by low inventory.Asian Metal Copyright They hold around 8,000t of inventory at the moment.Asian Metal Copyright Therefore, the current mainstream prices of Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.Asian Metal Copyright09%max at Tianjin port at present and we could accept the counteroffer as much as RMB0.Asian Metal Copyright09%max hover at RMB45.Asian Metal Copyright5dmtu USD6.Asian Metal Copyright5-46.5/dmtu (USD6.Asian Metal Copyright Due to the soft downstream demand, the trader plans to hold their price unchanged currently but predicts that the mainstream prices of Australian manganese ore in China would move down in the coming days.Asian Metal Copyright61-6.75/dmtu) at Tianjin port, in line with late last week.Asian Metal Copyright Due to the soft downstream demand, the trader plans to hold their price unchanged currently but predicts that the mainstream prices of Australian manganese ore in China would move down in the coming days.Asian Metal Copyright Given that most downstream clients stay in no hurry to purchase, insiders believe that the prevailing prices of Australian manganese ore in China would edge down in the following days.

A trader in North China stated, "We quote RMB46/dmtu (USD6.68/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.Asian Metal Copyright79dmtu late last week".Asian Metal Copyright09%max at Tianjin port at present and we could accept the counteroffer as much as RMB0.5/dmtu (USD0.07/dmtu), on par with the end of last week".Asian Metal Copyright79dmtu late last week".Asian Metal Copyright The trader refused a client who bid RMB44.5/dmtu (USD6.46/dmtu) for 500t today and they last sold 500t at RMB46/dmtu (USD6.68/dmtu) early last week.Asian Metal Copyright Another trader in North China revealed that they hold their quotation for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.Asian Metal Copyright Due to the soft downstream demand, the trader plans to hold their price unchanged currently but predicts that the mainstream prices of Australian manganese ore in China would move down in the coming days.

Based on the regular monthly sales volume of around 4,000t of Australian manganese ore, the trader estimates to sell approximately 4,000t in March, unchanged from last month. They hold around 8,000t of inventory at the moment.

Another trader in North China revealed that they hold their quotation for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Tianjin port unchanged from late last week at RMB46.5/dmtu (USD6.79/dmtu) today and they would consider the price as low as RMB46/dmtu (USD6.68/dmtu).Asian Metal Copyright Another trader in North China revealed that they hold their quotation for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.Asian Metal Copyright The trader mentioned, "We received no inquiry today and last sold 300t at RMB46.5/dmtu (USD6.79/dmtu) late last week".Asian Metal Copyright Given that most downstream clients stay in no hurry to purchase, insiders believe that the prevailing prices of Australian manganese ore in China would edge down in the following days.Asian Metal Copyright Given the limited inventory at the ports, the trader has no intention to decrease their prices and believes that the mainstream prices of Australian manganese ore would stay firm in the coming days.

The trader, with a typical monthly sales volume of about 10,000t of Australian manganese ore, estimates to sell nearly 8,000t in March, down by around 2,000t from the previous month due to the sluggish demand. The trader holds around 20,000t of stocks now.
.Asian Metal Copyright5dmtu USD6Asian Metal Copyright