Chinese Gabonese manganese ore prices remain unchanged
2023-04-07 08:34:10 [Print]
BEIJING (Asian Metal) 7 Apr 23 - As most Chinese suppliers of Gabonese manganese ore in China intend to firm their current prices this week, the prevailing prices of Gabonese ore Mn 44%min, Fe 6%max, Si 6%max, P 0.13%max keep unchanged from early this week at RMB40-41/dmtu (USD5.81-5.95/dmtu) at Tianjin port. Considering the increased stocks at ports and the insufficient orders, insiders believe that the prevailing prices of Gabonese manganese ore in China would edge down next week.
A trader in North China noted, "Our quotation for Gabonese ore Mn44%min, Fe6%max, Si6%max, P0.13%max stands at RMB41/dmtu (USD5.95/dmtu) at Tianjin port and we could accept the price as low as RMB40.5/dmtu (USD5.88/dmtu), in line with early this week". The trader received an inquiry of 1,000t at RMB40/dmtu (USD5.81/dmtu) today but they still have not close the deal. They last sold 2,000t at RMB40.5/dmtu (USD5.88/dmtu) late last week. Given the decreased prices from overseas suppliers and the sluggish demand, the trader intends to keep their price unchanged currently but predicts that the mainstream prices of Gabonese manganese ore in China would go down in the upcoming days.
The trader, based on the typical monthly sales volume of about 30,000t of Gabonese manganese ore, estimates to sell around 20,000t in April, in line with the previous month. The trader has about 40,000t of stocks at the moment.
Another trader in North China mentioned that they currently quote RMB41/dmtu (USD5.95/dmtu) for Gabonese ore Mn44%min, Fe6%max, Si6%max, P0.13%max at Tianjin port with concessions of no more than RMB0.5/dmtu (USD0.07/dmtu), unchanged from the beginning of this week. The trader received an inquiry of 1,000t at RRMB40.5/dmtu (USD5.88/dmtu) and they think they could close the deal before the end of this week. The trader intends to firm their price now but predicts that the mainstream prices of Gabonese manganese ore in China would go down in the following days due to the increased stocks at ports.
With the monthly trading volume of around 10,000t of manganese ore, the trader estimates to sell nearly 8,000t in April, in line with last month. They currently hold around 20,000t of stocks at present.
A trader in North China noted, "Our quotation for Gabonese ore Mn44%min, Fe6%max, Si6%max, P0.13%max stands at RMB41/dmtu (USD5.95/dmtu) at Tianjin port and we could accept the price as low as RMB40.5/dmtu (USD5.88/dmtu), in line with early this week". The trader received an inquiry of 1,000t at RMB40/dmtu (USD5.81/dmtu) today but they still have not close the deal. They last sold 2,000t at RMB40.5/dmtu (USD5.88/dmtu) late last week. Given the decreased prices from overseas suppliers and the sluggish demand, the trader intends to keep their price unchanged currently but predicts that the mainstream prices of Gabonese manganese ore in China would go down in the upcoming days.
The trader, based on the typical monthly sales volume of about 30,000t of Gabonese manganese ore, estimates to sell around 20,000t in April, in line with the previous month. The trader has about 40,000t of stocks at the moment.
Another trader in North China mentioned that they currently quote RMB41/dmtu (USD5.95/dmtu) for Gabonese ore Mn44%min, Fe6%max, Si6%max, P0.13%max at Tianjin port with concessions of no more than RMB0.5/dmtu (USD0.07/dmtu), unchanged from the beginning of this week. The trader received an inquiry of 1,000t at RRMB40.5/dmtu (USD5.88/dmtu) and they think they could close the deal before the end of this week. The trader intends to firm their price now but predicts that the mainstream prices of Gabonese manganese ore in China would go down in the following days due to the increased stocks at ports.
With the monthly trading volume of around 10,000t of manganese ore, the trader estimates to sell nearly 8,000t in April, in line with last month. They currently hold around 20,000t of stocks at present.
