The Chinese domestic manganese ore market has indicated a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.84/dmtu (RMB 54/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.40/dmtu (RMB 51/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.40/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.39/dmtu (RMB 44/dmtu). ($1 = RMB 6.89)
Overall trading activity in the Chinese manganese ore market has been improving and is now at normal levels on the back of the strong performance of the downstream manganese alloy market. Overseas suppliers’ ore quotations have also remained stable and so it is believed that domestic manganese ore prices are unlikely to soften. As for the coming week, it is thought that manganese ore prices in China will continue their sideways trend.