China: Silico Manganese Prices Remain Firm but Transactions Scarce

The price of Silico Manganese 65-17 is offered at RMB 6,900-7,000/MT (USD 976-990/MT) ex-plant, cash, tax-inclusive with actual transactions yet to come up.

The price of Manganese ore maintained a high position with Australia lumpy ore of 45% being offered at RMB 54-56/dmtu (USD 7.64-7.92/dmtu) in northern ports and RMB 50-52 (USD 7.07-7.36)/dmtu in southern ports; the Australia chips of 46% is offered at RMB 53-54 (USD 7.50-7.64)/dmtu in northern ports and RMB 49-50 (USD6.93-7.07)/dmtu in southern ports; the Australia chips of 43% is offered at RMB 51-52 (USD 7.21-7.36)/dmtu at southern ports and RMB 47-48 (USD 6.65-6.79)/dmtu in southern ports; Gabon lumpy of 45% is at RMB 52-54 (USD 7.36-7.64)/dmtu and RMB 48-50 (USD 6.79-7.07)/dmtu in southern ports; the semi-carbonate 37% of South African origin is at RMB 51-52 (USD 7.21-7.36)/dmtu in norther ports and RMB 53-54 (USD 7.50-7.64)/dmtu in southern ports;

Last week, CML released its offer of Mn ore for May shipment to China, showing an increase of USD 1.55/dmtu; on port stock, the data shows that Manganese ore stock at Tianjin port amounted to 3.351 MnT (bulk 3.2 MnT and containers 150,000 MT), up by 272,000 MT from the 3.079 MnT dated on April 10;

On Silico Manganese futures as shown on CZCE, the main contract 2009 mainly fluctuated at high positions with opening at RMB 7,236 (USD 1,023), highest at RMB7,314 (USD 1,035), lowest at RMB 7,162 (USD 1,013) and closed at RMB 7,220 (USD 1,021), up by 0.19%.