Port chrome ore market prices fall

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At present the port chrome ore market some "strange wind", mainly in the prices of successive decline in the circumstances, some varieties of ore pricing have significantly reduced the phenomenon, as demonstrated in the Turkish chrome ore, Oman and South Africa ore mine, the sources said, Recently these countries because of the mineral chromium have been making considerable amount of the increase, while the export volume also increased, the downward adjustment in prices stems from the slow procurement, the ore source more to increase the number of the ore price drop.
According to the port traders said, 38 percent of the ore to the coast of Oman block transaction price has dropped to 260 U.S. dollars / ton about the level of a week ago, a 20-30 U.S. dollars / ton decline, the port also slip of the sales price of 60 yuan / T degrees below ,31-32 percent of Omans ports to block mining board price fell to 43-46 yuan / ton; At the same time, on the mine situation, there may be downward, at least in imports in the current Not the bulk purchase. South African mines, 42 percent of South Africas port to board flour prices in the 74-77 yuan / ton of all transactions, 44 percent of flour in South Africa 79-80 yuan / ton, but the volume is not large, demand is still weak The market is the biggest resistance. Turkey Mine, Turkeys largest chromium iron production enterprises EtiKrom company recently introduced the fourth quarter of chrome ore shipping prices, chromium ore (Cr2O3: 42%) from the original price of 715-720 U.S. dollars / ton (CFR China main port) to 515 -- 520 U.S. dollars / ton, down 200 U.S. dollars per ton on average about Although this move is to alleviate the current downturn chrome ore market, but such a substantial reduction of chrome ore market will certainly have a great impact.
Other ores, such as 38-40 per cent of the Iranian coast to block the ore pricing in 510 U.S. dollars / ton below 42 percent of Pakistan to shore block ore pricing in the 530-550 dollar / metric tons, the port price fell to 104-106 yuan / Tons, traders said the market is still uncertain, the need to further do intend to wait and see.

BHP Billiton China Manganese ore pricing analysis

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The beginning, the worlds largest manganese production companies BHP Billiton introduced its fourth-quarter of China Manganese ore pricing. From the specific price, the price of the fourth quarter than the third quarter, prices showed little change, with the exception of 48 high-grade manganese ore in the ceiling lowered, the minimum increase, other grade manganese ore prices are almost the same ceiling, floor upward, Therefore, the companys manganese ore pricing for the fourth quarter of stability just 0.1.
In a recent domestic manganese alloy prices fell, especially after the beginning of September manganese alloy prices fell substantially the circumstances, the BHP Billiton offer some of the industry seems to feel puzzled. However, from the international and domestic Manganese ore supply and demand analysis, the company introduced the companys price is more in line with the market situation.

First of all, from Chinas domestic market analysis, despite Chinas current manganese alloy market downturn, the port also imports large accumulation of manganese ore, in particular, the July import 900,000 tons of manganese ore, making many people concerned about the manganese ore market over the short-term Demand, however, Chinas crude steel production growth trend has not changed, an increase in the demand for manganese will not change. According to China Steel Industry Association is expected to Qi Xiangdong, Deputy Secretary-General, China 08 crude steel production may increase of 10.4% over a year, according to the International Iron and Steel Institute statistics, 1-July, crude steel production in China rose 9.3 percent to 308.3 million Tons. Chinas crude steel production base of huge, in such a large increase above the actual growth rate will be very large, the demand for manganese will inevitably increase. On the other hand, even though China has a large number of manganese ore reserves, but low-grade, basic in less than 30 degrees, and to manganese carbonate mainly to meet Chinas manganese alloy production needs, we must rely on imports of high-grade manganese ore. Therefore, BHP Billiton the fourth quarter of China Manganese ore pricing impact of market supply and demand is strong results.

Secondly, from the international market analysis, international crude steel production has also increased, the demand for manganese has increased. Although China is the worlds largest crude steel production country, but other countries the increase in crude steel production still can not be ignored. BHP Billiton as a global resources company, Manganese ore sales should not only consider the needs of China, the world will demand from the point of view, for example, BHP Billiton Fourth quarter sales strategy is to reduce Manganese ore supplier to China, Japan and South Korea to increase The Manganese ore supply. Manganese ore on the world impact of the demand, China and Australias geographical location and the Commissioner of the Australian Manganese ore quality played a big role. China has to import BHP Billitons manganese ore, on the one hand is caused by demand, only BHP Billiton such Manganese ore supply to meet the needs of China, on the other hand, China from Australias geographical location than South Africa, Brazil and Gabon and other countries Distance to the past, lower transport costs, at the same time, Australias high-grade manganese ore stone, fewer impurities, is Chinas production of manganese alloys of choice, therefore, BHP Billiton Manganese ore sales to China compared with other manufacturers unparalleled advantages.

Analysis of the above has been BHP Billiton Manganese ore prices to steady the main reason why the companys manganese ore pricing is not substantially higher » On the one hand, China is facing the excess of imports of manganese ore is BHP Billiton must take into account factors other hand, the world Manganese ore production also has increased, with the exception of BHP Billiton Manganese ore itself in increased output, Culture and Sport of Gabon and the old company CVRD Manganese ore production increased, coupled with a large number of new areas of the South African manganese ore mining project gradually put into production or will soon be put into production, Indonesia, Southeast Asia, manganese ore, manganese ore, and other non-mainstream Myanmar ore into China to seize the market at lower prices, BHP Billiton must also consider the global The fact that the manganese ore production increased at the same time, China is BHP Billiton manganese ore sales of the most important market, if the pricing too high, is bound to lead to exports to China Manganese ore reduction, even if the extra Manganese ore sales to Japan, South Korea, these States also can not consume, but will lead to falling prices. Therefore, BHP Billiton have no choice significantly enhance the fourth quarter of China Manganese ore pricing.

From the current and coming period the international Manganese ore supply and demand analysis, the second half of 2009 before the International Manganese ore supply and demand will be in a tight supply, the basic balance of supply and demand situation, therefore, 209 in the first half before the International Manganese ore prices Will be at the high. If the international steel market and some international macroeconomic improvement, do not rule out international Manganese ore prices in the first quarter of next year may continue to rise slightly.

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[ferroalloy ]The first half of 2008 China's import and export of ferroalloy Overview

According to customs data, in June 2008 China's export ferroalloy 307,700 tons, an increase of 10.56 percent, Central fell 8.78 percent; 1-6 ferroalloy exports in total 1.724 million tons, an increase of 8.14 percent. In addition, in June ferroalloy imports 114,900 tons, down 19.1 percent, rose 32.68 percent, Central; 1-6 in total imports 771,300 tons, an increase of 4.59 percent. First half of this year China's total imports of high-carbon ferrochromium 658,900 tons, an increase of 4.52 percent. In addition, in June China's imports of chrome ore 543,700 tons, 1-June total imports of 3.481 million tons (22.81 percent increase), China's imports in June manganese 712,300 tons, 1-June total imports of 3.854 million tons (38.88% increase ).

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[chrome ore ]mports of chrome ore market prices still rising

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The recent market prices of imports of chrome ore slight fluctuations, the increase of prices was the impact of high-grade varieties still higher price trends, which makes some of the lower reaches of FeCr, and other manufacturers, "Wang Xing Tan mine."
Even shipped from Hong Kong this week to the chrome ore prices, some 50 percent of India flour in the mine were 124-127 yuan / ton degrees from top to bottom, South Africa were about 44 per cent of flour in the 86-89 yuan / ton degrees, Oman 35% block in the 65-68 ore yuan / ton, although the procurement of FeCr manufacturers of inputs has increased.
The ores from the operation, the port has raised traders Price Jiaoqian Qi, South Africa flour, chromium ore in India, Turkey and Iran block ore prices showed strong momentum high, and these high grade ores of the total inventory Originally more tense, FeCr downstream manufacturers, and other consumer purchases压价more, but also more cautious. This is expected, chromium ore port in foreign markets offer the support is still strong, stable prices of the possibility of greater strength, but little room for price increases.

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