The Chinese domestic
manganese ore market has mostly indicated a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.13/dmtu (RMB 56/dmtu) at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.69/dmtu (RMB 53/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.98/dmtu (RMB 55/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.68dmtu (RMB 46/dmtu). ($1 = RMB 6.89)
Trading activity in the Chinese
manganese ore market has remained at low levels in the past week, while ore inventories at Chinese ports have increased amid slack demand. Slight price decreases have been seen in the downstream
manganese ore market. However, since foreign suppliers have increased their
manganese ore prices slightly, support from the cost side still exists for
manganese ore prices for now. As for the coming week, it is believed that
manganese ore prices in
China may continue their stable trend.