The Chinese domestic manganese ore market has moved on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $10.94/dmtu (RMB 76/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $10.79/dmtu (RMB 75/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $10.50/dmtu (RMB 73/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.92/dmtu (RMB 62/dmtu). ($1 = RMB 6.95)
Trading activity in the Chinese manganese ore market has been slack in the past week, with buyers maintaining a wait-and-see stance especially against the backdrop of the slightly soft price trend seen in the manganese alloy market in China. Manganese ore quotations from overseas miners have remained stable at relatively high levels, providing support for spot ore prices in China. Domestic manganese ore prices are expected to move sideways in the week ahead.