5/24/2007

Six global manganese production to a quarter of slight decrease over the same period last year

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Reportedly, Brazil CVRD Manganese ore production output and Western Australia by the typhoon, 2007 a quarter of the world's manganese ore output to be difficult to improve. This led directly to the second quarter, shipments of the world manganese ore prices.
six major world manganese producers a quarter of its total output is estimated at 3.67 million tons, If these manufacturers in every quarter to maintain the level of production, then 07 annual manganese ore output is expected to reach 14.7 million tons, 2006 than the 15.2 million tons of the sharp decline in output.
2007 first quarter, BHPB and rehabilitation of the secret production of manganese ore in 2006 than the same period has grown. Nevertheless, But Brazil's CVRD in a quarter of output than 06 sharp drop in the same period of 136,000 tonnes (25%), Therefore, in 2007 a quarter of the world's manganese ore output in order to increase rather difficult. Another factor is the seasonal typhoons hit Western Australia, therefore, Australian Consolidated Mines (CML) has had to reduce the output of the first quarter.
Recalled a quarter of manganese ore production, we found that : 1. and it will expand in response to the weak market and manganese ore output to take policy, One quarter of manganese ore production than the same period has increased by 226,000 tonnes (18%) 2. Kang close of the first quarter of manganese ore production than the same period last year, an increase of 65,000 tons (9%), However, Gabon port loading facilities of the Department, the port of shipment of manganese ore a reduced volume.
2006, the world's manganese ore production reached 33.7 million tons in 2005 compared with a decrease of 3%. But pure manganese content in the same reached 11.8 million tons, compared with 2005 growth of 2%. This shows the 2006 low-grade manganese ore output, and high-grade manganese ore output. 2006 BHPB and rehabilitation of the close of manganese ore output for the whole year increased manganese ore volume increase.
India is a production and export of manganese ore of traditional country, but the current largely withdrawn from the manganese ore export market, and moving in imports of manganese alloys direction. In keeping up with China, many other countries are moving to increase imports of manganese ore direction. At present, the Chinese manganese alloy producers have to ensure manganese ore supply is a concern. China in 2006 imported from abroad of 621 million tons of manganese ore, of which 41,000 tons from Brazil, 110,000 tons from India, 58 million tons from Ghana, but still unable to ensure that 07 countries from the three main import volume of manganese ore.

5/23/2007

China's ferrosilicon exports 5%,6 tariff increase on the 1st of the implementation of the export tax tentative 15%

Ferrosilicon recent tariff increases have been revealed by the State Council Tariff Commission, the ninth plenary session for deliberation and approval, and approval by the State Council, on June 1 will be implemented in 15% of the provisional tariff rates.
(1) sheet, plate, wire and other 53 categories of steel products and partial APT, magnesite, burning magnesium five kinds of resources, products tentative 5% export tax;
(2) on the plain of the bar, corner profiles 30 kinds of steel products and coal tar, natural graphite, rare earth, Refining lead, dysprosium oxide, Tb4O7, not unwrought zinc and some non-ferrous metal waste debris, such as 21 kinds of products to export 10% of the provisional tax rates;
(3) coke, steel billet, steel ingot, pig iron, part iron, fluorite, non-coniferous Wood films and nickel, chromium, tungsten, manganese, Molybdenum and domestic rare earth and other scarce metal ore 33 kinds of products to export 15% of the provisional tax rates.
The above three types of merchandise for 142 tariff items.
(See Annex II). Tariff adjustment since June 1, 2007 with the implementation.
Annex II : tentative export tax adjustments Table

China's exports of ferrosilicon, there are many substantial issues

First, the state macro-control can not curb exports of ferrosilicon. In recent years, the international steel production growth, the large number of ferrosilicon demand for domestic production of ferrosilicon expansion, China has become a major global ferrosilicon production, and supply. Ferrosilicon to inhibit the blind development of the processing industry and reduce environmental pollution, ease the power, transportation and other tense situation, State abolished at the beginning of 2005 ferrosilicon 8% of the export tax rebate rate, In June 1 onwards will ferrosilicon exports tentative rate from zero, to 5%. the same year on August 22 with the inclusion of iron ore processing trade ban catalogs, November 1, 2006 onwards will ferrosilicon exports tentative rate from 5% 10% rise further. The state's series of macro-control policies and reducing the export profits certain extent constraining the ferrosilicon the high energy consumption of resources commodity export momentum. But according to the trade, the current global market demand for ferrosilicon exuberant short period of time will not reverse the situation. As a short period of time can not be from other countries to find a long-term and stable cooperation partner. foreign importers have been gradually accepted by the policy adjustment of China's export prices increased ferrosilicon. Therefore, the state to protect the domestic resources and reduce environmental pollution for the purpose of the macro-control measures have been restrained, ferrosilicon exports failed to play a full role constraints.
Secondly, the export of China's ferrosilicon brought greater pressure on the environment and energy. China's ferrosilicon industry more African state-owned enterprises, small-scale, low concentration, technologically backward, and uneven development. As for the cost of environmental protection input costs of ferrosilicon products 25%, and the pursuit of economic interests, strength is not strong enterprises ignore environmental facilities and resources to transform, Many production enterprises causing no dust, and other environmental protection facilities. Some green features enterprises in order to save production cost in the production process is not open environmental equipment, causing serious environmental pollution.
Third, the low threshold of industry and energy, and transportation costs have increased export enterprises has arisen, leading to disorderly competition, export order in the chaotic situation further aggravated. In recent years, all over the launch ferrosilicon production projects, resulting in the rapid expansion of production capacity. Ningxia example, Helan in Ningxia FERROSILICON as the main raw materials, proximity and low cost. Shizuishan City and is a major base for coal, electricity is rich in resources, All of these FERROSILICON provide adequate resources and energy conditions. Ferrosilicon production coupled with simple technology, by stimulating demand, many small-scale enterprises competing launched ferrosilicon. As new projects blindly started rapid expansion of production capacity, the contradiction between supply and demand highlights. It is learned that China's ferrosilicon market capacity at 170 million tons, with exports of about 100 million tons or less. Overall demand in the 2.7 million-300 million tons, while domestic production of ferrosilicon has more than five million tons, serious excess production capacity, coupled with silicon alloy iron is low value-added and low-end products, iron and vanadium. Tungsten special iron and iron products, than there is a great price gap, leading to competition between enterprises to sell. frequent price fluctuations, seriously hampering the development of the industry.

The reduction and elimination of the export tax rebate Guangdong Iron & steel's price rise not fall

April of this year, the state issued against exports of steel a series of measures to reduce and cancel some steel products export tariffs. However, recent data released by the Guangdong, the Guangdong by the end of April since steel prices began to pick up in early May increase gradually increased, Wire prices increased most, the majority of mid-May Wire prices rose more than 10% ~ 4% by the end of April.
Stainless steel prices in May according to a new height.
"Information Times" reported that data shows that Guangdong by the end of April since steel prices began to pick up in early May increase gradually increase. Wire prices increased most, followed by steel and hot-rolled plate, cold-rolled sheet, tubes, profiles more stable. Stainless steel prices - time high, in mid-May close to 38,000 yuan per ton. than 20,150 yuan per ton the same period rose by 89%.
The country's 30 provinces (autonomous regions and municipalities), the main steel market monitoring also showed that April domestic steel prices appreciated steadily, But inflation has declined. Variety major integrated steel average price of 4,118 yuan metric ton, compared with 0.57% rise in March. dropped 0.41% increase over the same period last year rose 7.54%. It is expected in May steel prices will continue to maintain the trend of small increases.
Guangzhou, a steel enterprises have said that from the current outcome, by the end of April announced the elimination of export rebates and no increase in the price of steel will halt the momentum.
End or enter the price sensitive stage.
Commodity Prices in Guangdong Province according to the analysis, some of the increase in the price of steel main reasons : One is the domestic real estate, Infrastructure projects started in the peak period, the increased demand for building materials; Second, the state continued closure of high energy consumption and low-yielding to the production of iron and steel enterprises. Most of these small enterprises is the production of building materials products, leading to reduced supply of building materials.
For steel companies, steel price rise is a good thing, but an increase in this, Some enterprises have also indicated that the downward price checkpoints. A steel enterprises in Guangzhou told reporters that "the past few days, prices have begun to fine-tune a bit. to the price-sensitive period. "He said that some time ago introduced the reduction and elimination of export tax rebates, no short-term impact on steel prices, but the adjustment of industrial structure still functioning, coupled with the recent rumor to levy export tax rebates, it will inevitably lead to export to sell there, the price is estimated to be in late May adjustment, the current market a wait-and-see atmosphere was intense.

Ferroalloy before July is expected to increase export tariffs

China Ferroalloy Association official learned, China is likely before the end of June will once again export tariffs on ferrosilicon 5% to 15% increase. Then ferromanganese export tariffs will likely increase, China Ferroalloy Industry Association President Chang Zhenming Friends (Jilin Ferroalloy) said, traders are concerned ferroalloy product export tariff hikes are not likely, now increased export tariffs on the products may be ferrosilicon or ferromanganese and ferrosilicon. He may think that tax increase is five percentage points. China will be increased for all ordinary alloy products of export tariffs, and the rate will be raised to 20% of the rumors, president is not often recognized.
Chang, president of the view did not remove the worries of traders, a trader said, Now silicomanganese volume of exports has been great, the increase in export tariffs will again promote the silicon-manganese export prices rise and continues to believe that the export tariff will increase to 20%. "
In multi-channel news, we can see that the Chinese government will soon ferroalloy related products increased export tariffs, when export tariff increases coupled with the continuing rise in price, two factors will again promote ferroalloy sales price increases. Standing president also said that the second half of this year, China's iron alloy products production and sales will continue to rise, But in national policy and the constraints under the influence and its growth rate will be declining. Now there is news that the Chinese government is organizing began ferroalloy products increased export tariffs research