Chinese Gabonese manganese ore prices edge down
2023-04-20 08:31:35 [Print]
BEIJING (Asian Metal) 20 Apr 23 - Given that the downstream clients purchase inactively, most Gabonese manganese ore suppliers in China choose to decrease prices to maintain sales. Therefore, the present mainstream prices of Gabonese ore Mn 44%min Fe 6%max Si 6%max P 0.13%max stand at RMB38.5-39.5/dmtu (USD5.59-5.74/dmtu) at Tianjin port, decreased by RMB0.5/dmtu (USD0.07/dmtu) from late last week. Given the weak demand, insiders believe that the mainstream prices of Gabonese manganese ore in China would edge down in the following days.
A trader in North China stated that they presently quote RMB38.5/dmtu (USD5.59/dmtu) for Gabonese ore Mn 44%min Fe 6%max Si 6%max P 0.13%max at Tianjin port without concessions, while they quoted RMB39/dmtu (USD5.67/dmtu) without discounts late last week. The trader received no inquiry today and last sold 1,000t at RMB38.5/dmtu (USD5.59/dmtu) early this week. Given the poor sales performance, the trader would consider decreasing their price further and predicts that the mainstream prices of Gabonese manganese ore in China would move down in the upcoming days.
With a regular monthly trading volume of around 10,000t of Gabonese manganese ore, the trader sold around 10,000t last month and they estimate to sell 10,000t as well this month. They currently have around 20,000t of stocks.
Another trader in North China revealed, "We quote RMB39/dmtu (USD5.67/dmtu) for Gabonese ore Mn44%min Fe6%max Si6%max P0.13%max at Tianjin port and we could not accept any prices lower than that". The trader quoted RMB39.5/dmtu (USD5.74/dmtu) with no concessions late last week. The trader refused a client who want to purchase 2,000t at RMB38/dmtu (USD5.52/dmtu) today and they last sold 3,000t at RMB39/dmtu (USD5.67/dmtu) early this week. The trade currently plans to firm the price but foresees that the mainstream prices of Gabonese manganese ore in China would decline in the coming days given that the downstream clients remain inactively in placing orders.
The trader, with a regular monthly sales volume of around 5,000t of manganese ore, holds around 10,000t of stocks now. They estimate to sell nearly 5,000t this month, in line with last month.
A trader in North China stated that they presently quote RMB38.5/dmtu (USD5.59/dmtu) for Gabonese ore Mn 44%min Fe 6%max Si 6%max P 0.13%max at Tianjin port without concessions, while they quoted RMB39/dmtu (USD5.67/dmtu) without discounts late last week. The trader received no inquiry today and last sold 1,000t at RMB38.5/dmtu (USD5.59/dmtu) early this week. Given the poor sales performance, the trader would consider decreasing their price further and predicts that the mainstream prices of Gabonese manganese ore in China would move down in the upcoming days.
With a regular monthly trading volume of around 10,000t of Gabonese manganese ore, the trader sold around 10,000t last month and they estimate to sell 10,000t as well this month. They currently have around 20,000t of stocks.
Another trader in North China revealed, "We quote RMB39/dmtu (USD5.67/dmtu) for Gabonese ore Mn44%min Fe6%max Si6%max P0.13%max at Tianjin port and we could not accept any prices lower than that". The trader quoted RMB39.5/dmtu (USD5.74/dmtu) with no concessions late last week. The trader refused a client who want to purchase 2,000t at RMB38/dmtu (USD5.52/dmtu) today and they last sold 3,000t at RMB39/dmtu (USD5.67/dmtu) early this week. The trade currently plans to firm the price but foresees that the mainstream prices of Gabonese manganese ore in China would decline in the coming days given that the downstream clients remain inactively in placing orders.
The trader, with a regular monthly sales volume of around 5,000t of manganese ore, holds around 10,000t of stocks now. They estimate to sell nearly 5,000t this month, in line with last month.
