Comilog Offers Mn Ore Mar Shipment to China at A Raised Price
= The price of lump ore is US$5.80/dmtu, and that of fine ore (Mn43%) is US$5.60/dmtu =
Feb. 9, 2023 13:18
According to the local news report, Eramet Comilog (Comilog) recently offered **onese manganese ore as March 2023 shipment meant for China at a raised price (Hereinafter, the price is per 1% of Mn).
The price of manganese lump ore with Mn being 45% is US$5.80/dmtu, up by US$1.45 from the previous time of January shipment, and that of manganese fine ore with Mn being 43% is US$5.60/dmtu (There was no offer at the previous time). There was no offer of manganese fine ore with Mn being 41% (The price as January shipment was US$4.00).
In terms of railways derailment accident in **on at the end of December last year, although restoration work for railways ended, it was strongly expected that full transportation resumption would be delayed, because 4 elephants and a train collided when a running test was implemented. But because Comilog offered March shipment price at this time, market participants expected that a prospect for the transportation resumption would be in sight, though the quantity would be limited.
In terms of manganese ore price meant for China, South32 offered a raised price last week, and it was expected that other overseas manganese mines would follow South32.
E25 Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
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