Chinese domestic manganese ore prices have showed a soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.08/dmtu (RMB 36.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.74/dmtu (RMB 34/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.95/dmtu (RMB 35.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.32/dmtu (RMB 31/dmtu).
Overall trading activity in the manganese ore market in China has been at normal levels, while prices have softened especially as foreign manganese producers have lately reduced their quoted prices slightly. On the other hand, supply volumes as well as market inventory levels at ports have decreased a little, which provides some support for manganese ore prices. Downstream manganese alloy market prices have risen slightly, with production at normal levels. As for the week ahead, it is believed that manganese ore prices may resume a stable trend again.
$1 = RMB 7.178