Prices in the local Chinese manganese ore market have followed diverse trends over the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.98/dmtu (RMB 55/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 $6.39dmtu (RMB 44/dmtu).
The overall trade volume in the local Chinese manganese ore market has improved over the past week and is now at normal levels. Although manganese ore prices from Gabon and Africa have remained stable week on week, Australian lump ore prices have slightly increased in the same period as well as the quotations in the downstream alloy market. Meanwhile, market sources state that the recent declines seen in the manganese ore supply volume may continue to support prices in the coming period.
$1 = RMB 6.89