The Chinese domestic
manganese ore market has followed an upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.57/dmtu (RMB 52/dmtu) at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.28/dmtu (RMB 50/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.28/dmtu (RMB 50/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.40/dmtu (RMB 44/dmtu). ($1 = RMB 6.87)
Overall trading activity in the Chinese
manganese ore market has been at low levels during the past week.
Manganese ore quotations from overseas suppliers have risen slightly. Meanwhile, the downstream manganese alloy market has continued to indicate increases in the past week. As for the coming week, it is believed that
manganese ore prices in
China may continue to rise, though just by a slight margin due to the weakness of trading activity.