The Chinese domestic manganese ore market has followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.94/dmtu (RMB 54/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.50/dmtu (RMB 51/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.50/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.47dmtu (RMB 44/dmtu).
Overall trading activity in the Chinese manganese ore market has been at good levels in the past week, but has not been sufficient to push up prices. Quotations from overseas miners for August have not been released yet, but most traders are predicting a slight increase in price. As for the coming week, it is believed that manganese ore prices in China will follow a mostly stable trend.
$1 = RMB 6.80