International news Brazil ferromanganese offer firm

Ferroalloy online 2021-8-18: in recent weeks, Brazil's manganese  market is depressed, due to the crazy rise of sea freight, the market price is scarce. The serious shortage of containers in European and American countries has led to high sea freight rates. Generally speaking, the container cost from Brazil to China port is about $200 / box, so Brazil's manganese ore exports are high, but there are still some low quotations.

The website learned from the market that some suppliers mn44-46% quoted CIF base price of 4.7-4.80 USD/ton, and even some mn48% + quoted CIF Tianjin Port of 4.8-4.85 USD/ton, but the lower price requires the payment mode of wire transfer, which is riskier for buyers. There are still some suppliers offering higher prices, but according to the market mn48% + part of the quotation is 5.0-5.40 USD/ton for Chinese ports, and the low grade MN44-46% is about 5.0-5.10 USD/ton. At present, this price is difficult for downstream buyers to accept, but the downstream market has good demand for high-grade Brazilian manganese ore.

Up to now, Chinese ports (Tianjin port, Qinzhou port, Caofeidian Port) have a total of 747,000 tons of Brazilian manganese ore inventory, of which 73.8% is low-grade Brazilian manganese ore, while Tianjin port has a good demand for high-grade Brazilian manganese ore, and Qinzhou Port has a weak demand (due to power brownout of factories). Brazilian manganese prices are expected to remain strong in the short term, given the limited supply of high-grade Ore in north China and the skyrocketing cost of shipping from Brazil to China.