The Chinese domestic manganese ore market has continued to move on an upward during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $12.11/dmtu (RMB 82/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $11.67/dmtu (RMB 79/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $10.78/dmtu (RMB 73/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.68/dmtu (RMB 52/dmtu).
Overall trading activity in the Chinese manganese ore market has remained slack in the past seven days but has relatively been a little stronger for lower-priced lump ore from South Africa and Gabon. Quotations from foreign miners have continued to rise against the backdrop of rises in iron ore and coal prices. Accordingly, support for manganese ore prices is still strong, but as the end of the year approaches traders are more willing to sell. As for the coming week, it is believed that manganese ore prices in China may either indicate further increases or trend sideways.