In the past week, manganese ore prices in
China have indicated a weak tendency. Actual shipments have declined compared to last week, while actual deal prices have seen a slight fall. The mainstream quotations of Australian lump ore with 44 percent Mn content currently stand at $6.85-6.92/dmtu at
China's Tianjin port, while offers of South African origin lump ore of 44 percent Mn content are at $6.62-6.77/dmtu. Also at Tianjin port, quotations for 38 percent grade Mn ore from Australia are in the range of $6.38-6.62/dmtu, while offers of South African lump ore of 38 percent Mn content are at $6.15-6.41/dmtu.
The shipment situation is good at most ports in
China. The main reason for the weak trend of manganese ore prices is not producers' price policies but rather downstream slackness of demand. Most buyers have indicated that they are not willing to purchase big amounts of ore because they do not have confidence about the future price trend of manganese ore. As a result, demand for manganese ore is not expected to improve in the short term. Overall, the manganese ore price trend in
China is not expected to change much in the short term.