|The TEX Report Topics < Ferro Alloys >|
|HOME >> Topics List >> February, 2019 >> 21 (Thu)|
|South32 Offers Manganese Ore as March Shipment at Slightly Lowered Price|
|= Price of lump ore is US$6.72 and Comilog, etc. raise price =|
According to the local news report in China, South32, a subsidiary of BHP Billiton Limited (BHPB) offered manganese ore as March 2019 shipment meant for China at a lowered price last week. (Hereinafter, the price is per dmtu per 1% of Mn)|
The price of Australian manganese ore lump with Mn being 46% (GEMCO grade) is US$6.72 (down by US$0.09 from February shipment), but the contract at this price doesn't seem to be made.
According to the market participants, South32 lowered the price for February shipment gradually from US$6.81 during January, and the lowest price was down to the almost the same level as US$6.72 offered this time.
On the one hand, Eramet Comilog offered Gabonese manganese lump ore with Mn being 45% at US$6.65 (up by US$0.15 from February shipment) last week. Tshipi Mine in South Africa offered manganese lump ore with Mn being 37% at US$6.05 (up by US$0.30 ditto), and United Manganese Karahari (UMK) offered manganese lump ore with Mn being 38% at US$6.25 (up by US$0.55 ditto).
Taking advantage of the fact that Nsuta manganese mine (GMC) was ordered to cease operation at the beginning of February, many of the manganese mines take a stance to lower the offer price.
|last modified : Wed 27 Feb, 2019 [15:32]|