Chinese Australian manganese ore prices decrease slightly
2023-03-29 08:30:45 [Print]
BEIJING (Asian Metal) 29 March 23 – Considering that the downstream clients purchased inactively these two weeks, most suppliers of Australian manganese ore in China decrease their prices slightly to maintain sales. Therefore, the present mainstream prices of Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max stay at RMB45.5-46.5/dmtu (USD6.61-6.75/dmtu) at Qinzhou port, down by RMB0.5/dmtu (USD0.07/dmtu) from late last week. Because of the increased import volume and the sluggish demand, insiders expect that the mainstream prices of Australian manganese ore in China would edge down in the following days.
A trader in South China disclosed that they quote RMB45.5/dmtu (USD6.61/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Qinzhou port today and they could consider the price as low as RMB45/dmtu (USD54/dmtu) for regular clients, while they quoted RMB46/dmtu (USD6.68/dmtu) with concessions of no more than RMB0.5/dmtu (USD0.07/dmtu) late last week. The trader mentioned, "We refused a client who bid RMB44/dmtu (USD6.39/dmtu) for 500t today and we last sold 500t at RMB45.5/dmtu (USD6.61/dmtu) early this week. As the market runs slow, the trader plans to decrease their price further and believes that the mainstream prices of Australian manganese ore in China would edge down in the coming days.
The trader, based on the regular monthly sales volume of around 10,000t of Australian manganese ore, sold about 6,000t in March, down by nearly 4,000t from last month as the market stays in the low position. They have around 5,000t of inventory now.
Another trader in South China stated that their current quotation for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Qinzhou port hovers at RMB46/dmtu (USD6.68/dmtu) with the discount as much as RMB0.5/dmtu (USD0.07/dmtu), while they offered RMB46/dmtu (USD6.68/dmtu) without counteroffer at the end of last week. The trader noted, "We received no inquiry today and last sold 300t at RMB46/dmtu (USD6.68/dmtu) mid last week". Given that the market shows a soft demand, the trader intends to stick to their current price but believes that the mainstream prices of Australian manganese ore would decrease slightly in the following days.
With a typical monthly trading volume of nearly 10,000t of Australian manganese ore, the trader sold approximately 7,000t in March, decreased by around 3,000t from the previous month given the sluggish demand. The trader currently holds around 10,000t of stocks.
A trader in South China disclosed that they quote RMB45.5/dmtu (USD6.61/dmtu) for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Qinzhou port today and they could consider the price as low as RMB45/dmtu (USD54/dmtu) for regular clients, while they quoted RMB46/dmtu (USD6.68/dmtu) with concessions of no more than RMB0.5/dmtu (USD0.07/dmtu) late last week. The trader mentioned, "We refused a client who bid RMB44/dmtu (USD6.39/dmtu) for 500t today and we last sold 500t at RMB45.5/dmtu (USD6.61/dmtu) early this week. As the market runs slow, the trader plans to decrease their price further and believes that the mainstream prices of Australian manganese ore in China would edge down in the coming days.
The trader, based on the regular monthly sales volume of around 10,000t of Australian manganese ore, sold about 6,000t in March, down by nearly 4,000t from last month as the market stays in the low position. They have around 5,000t of inventory now.
Another trader in South China stated that their current quotation for Australian manganese ore Mn 45%min, Fe 5%max, Si 8%max, P 0.09%max at Qinzhou port hovers at RMB46/dmtu (USD6.68/dmtu) with the discount as much as RMB0.5/dmtu (USD0.07/dmtu), while they offered RMB46/dmtu (USD6.68/dmtu) without counteroffer at the end of last week. The trader noted, "We received no inquiry today and last sold 300t at RMB46/dmtu (USD6.68/dmtu) mid last week". Given that the market shows a soft demand, the trader intends to stick to their current price but believes that the mainstream prices of Australian manganese ore would decrease slightly in the following days.
With a typical monthly trading volume of nearly 10,000t of Australian manganese ore, the trader sold approximately 7,000t in March, decreased by around 3,000t from the previous month given the sluggish demand. The trader currently holds around 10,000t of stocks.
