Chinese manganese ore market remains mostly stable

Tuesday, 19 September 2017 16:05:35 (GMT+3)   |   Shanghai
       

The Chinese domestic manganese ore market has been mostly stable during the past week, but also with some slight increases seen in prices of certain products. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.66/dmtu (RMB 57/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.21/dmtu (RMB 54/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.51/dmtu (RMB 56/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.99dmtu (RMB 46/dmtu). ($1 = RMB 6.58)

Overall trading activity in the Chinese manganese ore market has been at normal levels in the past week, while inventories in the market are on the low side, providing support for market prices. Downstream manganese alloy prices have continued their stable trend, which also helps to bolster manganese ore prices. As for the coming week, it is thought that manganese ore prices in China may still follow a mostly stable trend, with some slight upticks.


Similar articles

Chinese manganese ore prices mostly remain stable, with some downticks  

27 Mar | Scrap & Raw Materials

India’s MOIL sees 15% rise in manganese ore output in February

04 Mar | Steel News

India’s core sector industries record 15-month low in output growth in January

01 Mar | Steel News

India’s MOIL Limited hikes price of low grade manganese ore

01 Mar | Steel News

Manganese ore shipments via Port Hedland up 25.9 percent in January

29 Feb | Steel News

Local Chinese manganese ore prices mostly stable

06 Feb | Scrap & Raw Materials

India’s MOIL Limited sees 37% rise in net profit in Q3 FY 2023-24

05 Feb | Steel News

Local Chinese manganese ore prices mostly stable, with some upticks

16 Jan | Scrap & Raw Materials

Manganese ore shipments via Port Hedland triples in November from October

03 Jan | Steel News

India’s MOIL Limited achieves highest ever manganese ore output in 2023

25 Dec | Steel News