According to customs statistics released in China, the country exported 37,000 tonnes of electrolytic manganese metal, a decrease of 42.3% YoY compared with the same quarter of 2008. Exports to Japan were 6,916 tonnes, a decrease of46.3% compared with same quarter of 2008.
Exports to South Korea were 10,803 tonnes an increase of 12% compared with the same quarter of 2008. Exports to Europe were 10,858 tonnes, a decrease of 50%.
The unit price of exports of Chinese electrolytic manganese metal in Q1 averaged USD 2,505 per tonne FOB, a fall of 17.7% from the same quarter of 2008. The cost to produce electrolytic manganese metal in China is estimated to be CNY 12,800 to CNY 13,000 per tonne and when various charges as export duty, inland transportation, etc are added, the export cost on an FOB basis is USD 2,500 per tonne.
Source: Steel Guru/Tex Report
Showing posts with label electrolytic manganese metal. Show all posts
Showing posts with label electrolytic manganese metal. Show all posts
Saturday, June 13, 2009
Friday, January 30, 2009
Electrolytic Manganese Metal Prices Rising
The market price of Chinese electrolytic manganese metal is continuing to rebound and many Chinese plants are resuming production.
According to a market source, 10 to 20 plants have recently returned to production. as steel mills in China to seek to replenish their stocks.
The export price of electrolytic manganese metal reached USD 2,750 to USD 2,800 per tonne FOB China, having risen by USD 700 per tonne compared with the price in early November.
However, with production resuming, supply has loosened, nevertheless, some Chinese producers are offering electrolytic manganese metal at higher prices of USD 2,800 to USD 3,000 per tonne FOB China.
According to a market source, 10 to 20 plants have recently returned to production. as steel mills in China to seek to replenish their stocks.
The export price of electrolytic manganese metal reached USD 2,750 to USD 2,800 per tonne FOB China, having risen by USD 700 per tonne compared with the price in early November.
However, with production resuming, supply has loosened, nevertheless, some Chinese producers are offering electrolytic manganese metal at higher prices of USD 2,800 to USD 3,000 per tonne FOB China.
Monday, July 14, 2008
MMC Hopes For US Exemption
Manganese Metal Corporation (MMC), a Nelspruit-based subsidiary of BHP Billiton, is pinning its hopes on a US government exemption from import duties for electrolyte manganese metal powder, a key South African export, in a bid to retain its position in the US.
The firm, which supplies 19% of the US market, expected a decision in the first half of this year, but none came.
Securing duty-free status is critical for MMC . The US consumes as much as four-fifths of the product, used to add toughness and abrasion resistance to metal alloy products.
MMC has already had to reduce shipments to the US because of power cutbacks.
It is now also facing formidable competition in the US market from Chinese manufacturers, which produce a cheaper, but environmentally hazardous, product.
SA and China are the only suppliers to the US of manganese metal powder, currently subject to import duties of 14%.
MMC applied for duty-free status under the Generalised System of Preferences (GSP), a programme designed to promote economic growth in the developing world. The programme was upgraded for Africa through the African Growth and Opportunity Act (Agoa), which gives sub-Saharan countries, including SA, improved preferential access to US markets.
MMC’s petition for electrolytic manganese metal powder was the only petition from Africa under review for this round of considerations.
A decision was expected soon, said George Jungbluth of PBN Company, a public relations firm that represents MMC in Washington DC. “It is clear that without GSP status, MMC will have difficulty maintaining a presence in the US market,” Jungbluth said.
“This is a lose-lose scenario for SA and the US. For SA an important export market is lost and damage will be done to a company that provides several hundreds of quality jobs. The US will lose a reliable supplier and the only alternative to Chinese imports,” he said last week.
MMC’s product is more environmentally friendly than the Chinese product. It does not use selenium, an environmentally hazardous but less expensive means to produce the powder, developed in co-operation with the US Bureau of Mines.
However, the cost of production was higher than the Chinese product, largely because of the green technology that was used instead of selenium, Jungbluth said.
Ironically, the US is wholly dependent on imports, as no American firms produce the powder for commercial sale.
Manganese metal products were originally excluded from Agoa because of opposition from Kerr McGee, then a local producer. The company, however, ceased production of all electrolyte metal products in 2001 and does not oppose the exemption from duty.
Source: Business Day
The firm, which supplies 19% of the US market, expected a decision in the first half of this year, but none came.
Securing duty-free status is critical for MMC . The US consumes as much as four-fifths of the product, used to add toughness and abrasion resistance to metal alloy products.
MMC has already had to reduce shipments to the US because of power cutbacks.
It is now also facing formidable competition in the US market from Chinese manufacturers, which produce a cheaper, but environmentally hazardous, product.
SA and China are the only suppliers to the US of manganese metal powder, currently subject to import duties of 14%.
MMC applied for duty-free status under the Generalised System of Preferences (GSP), a programme designed to promote economic growth in the developing world. The programme was upgraded for Africa through the African Growth and Opportunity Act (Agoa), which gives sub-Saharan countries, including SA, improved preferential access to US markets.
MMC’s petition for electrolytic manganese metal powder was the only petition from Africa under review for this round of considerations.
A decision was expected soon, said George Jungbluth of PBN Company, a public relations firm that represents MMC in Washington DC. “It is clear that without GSP status, MMC will have difficulty maintaining a presence in the US market,” Jungbluth said.
“This is a lose-lose scenario for SA and the US. For SA an important export market is lost and damage will be done to a company that provides several hundreds of quality jobs. The US will lose a reliable supplier and the only alternative to Chinese imports,” he said last week.
MMC’s product is more environmentally friendly than the Chinese product. It does not use selenium, an environmentally hazardous but less expensive means to produce the powder, developed in co-operation with the US Bureau of Mines.
However, the cost of production was higher than the Chinese product, largely because of the green technology that was used instead of selenium, Jungbluth said.
Ironically, the US is wholly dependent on imports, as no American firms produce the powder for commercial sale.
Manganese metal products were originally excluded from Agoa because of opposition from Kerr McGee, then a local producer. The company, however, ceased production of all electrolyte metal products in 2001 and does not oppose the exemption from duty.
Source: Business Day
Friday, July 11, 2008
Chinese Government Considers Manganese Metal Tariff Increase
Reports from China suggest that the central government is considering a further increase in the export duty on electrolytic manganese metal from China although the matter has been carried over to August or later. The move is to prevent environmental pollution and to save energy consumption.
Domestic demand for Electrolytic manganese metal comes mainly from the stainless steel and aluminium alloy industries and is estimated to be 300,000 tons per annum but, as the capacity in China is thought to be 1,000,000 to 1,200,000 tonnes per annum there is an overcapacity. Therefore, China has to export a large quantity of the metal and China exported 320,000 tonnes of electrolytic manganese metal in the calendar year of 2007.
The imposition of the higher export duty will be a substantial blow to Chinese producers. Increases in the cost of electric power in China and in the world price of manganese ore have meant that the cost to produce electrolytic manganese metal in China has increased to over USD 3,750 per tonne FOB.
Source: Steel Prices
Domestic demand for Electrolytic manganese metal comes mainly from the stainless steel and aluminium alloy industries and is estimated to be 300,000 tons per annum but, as the capacity in China is thought to be 1,000,000 to 1,200,000 tonnes per annum there is an overcapacity. Therefore, China has to export a large quantity of the metal and China exported 320,000 tonnes of electrolytic manganese metal in the calendar year of 2007.
The imposition of the higher export duty will be a substantial blow to Chinese producers. Increases in the cost of electric power in China and in the world price of manganese ore have meant that the cost to produce electrolytic manganese metal in China has increased to over USD 3,750 per tonne FOB.
Source: Steel Prices
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