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Energy
Futures |
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Crude
Oil, Propane,
Natural
Gasoline,
Unleaded Gasoline, Heating
Oil/Diesel, Unleaded Gas,
Natural
Gas |
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Industrial
Metals Futures |
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Copper,
Aluminum,
Cadmium,
Chromium,
Cobalt,
Magnesium,
Manganese,
Mercury,
Nickel,
Zinc,
Tin,
Steel/Iron,
Lead
, Tungsten,
Titanium,
Vanadium,
Uranium,
Palladium
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Precious
Metals Futures |
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Gold,
Silver,
Platinum |
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Grains
Futures |
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Corn,
Canola,
Soybeans,
Soybean Meal, Sunflowerseed,
Soybean
Oil, Azuki
Beans, Palm
Oil, Wheat, Barley,
Oats,
Rice
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Meats
Futures |
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Live
Hogs, Live
Cattle, Pork
Bellies Feeder
cattle |
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Food/Fibre/Softs
Futures |
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Cocoa,
Coffee,
Milk,
Plastics,
Pepper,
Potatoes,
Paper,
Salt,
Sugar,
Silk,
Tobacco,
Tea,
Lumber,
Onions,
Wool,
Cotton,
Orange
Juice, Rubber |
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MANGANESE FUTURES
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Manganese is a silvery-white,
very brittle, metallic element used primarily in making
alloys. Its atomic symbol is Mn and its atomic number is
25. Manganese was first distinguished as
an element and isolated in 1774 by Johan Gottlieb Gahn.
Manganese dissolves in acid and corrodes
in moist air.
Manganese is distributed over the world in
the form of ores such as rhodochrosite, franklinite, psilomelane,
and manganite. Pyrolusite is the principal ore of manganese.
Pure manganese is produced by igniting pyrolusite with aluminum
powder or by electrolyzing manganese sulfate.
Manganese is used primarily
in the steel industry for creating alloys, the most important
ones being ferromanganese and spiegeleisen. In steel, manganese
improves forging and rolling qualities, strength, toughness,
stiffness, wear resistance, and hardness. Manganese
is also used in plant fertilizers, animal feed, pigments,
and dry cell batteries.
Prices – The average price of ferromanganese
(high carbon, FOB plant) in 2001 fell –9.1% to .44
per gross ton from .40 in 2000. The 2001 price of .44 was
well below the 10-year average price of .73.
Supply – World production of manganese
ore in 2001 was unchanged from 2000 at 19.1 million metric
tons. That was only moderately above the record low of 17.8
million metric tons for the data series, which goes back
to 1970. The world’s largest producers of manganese
ore are South Africa with 17.1% of world production in 2001,
Ukraine with 14.1%, China with 13.1%, Brazil with 11.5%,
and Australia with 10.8%. China’s production has dropped
sharply in the last several years from 6.0 million metric
tons in 1997 to 2.500 million in 2001.
Demand – US consumption of manganese
ore in 2001 fell –12.6% to 425,000 metric tons from
486,000 metric tons in 2000. US consumption of ferromanganese
in 2001 fell –11.3% to 266,000 metric tons from 300,000
metric tons in 2000.
Trade – The US relies
on imports for 100% of its manganese consumption. It has
been that way since 1985 when the percentage rose to 100%
from 97-99% during the 1970s when the US still produced
some manganese. US imports of manganese ore for consumption
in 2001 fell –19.9% to 358,000 metric tons from 447,000
metric tons in 2000. US imports of ferromanganese for consumption
in 2001 fell -19.6% to 251,000 metric tons from 312,000
metric tons in 2000. US imports of silico-manganese in 2001
fell –17.8% to 310,000 metric tons from 377,000 in
2000. The primary sources of US imports of manganese ore
are Gabon with 65.4% of US imports in 2002, followed by
South Africa with 19.5%, Australia (8.6%), and Brazil (6.0%).
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Industrial
Metals Futures is also spread to: |Copper
| Aluminum|Cadmium|Chromium|Cobalt|Magnesium|
Mangnese|Mercury|Nickel|Zinc|Tin|Lead|Tungstun
|Titanium|Vanadium|Uranium|Palladium
|Steel/Iron| |
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