Chinese domestic manganese ore prices have showed a mostly stable trend during the past week, though with some slight downticks seen too. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.22/dmtu (RMB 37.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.81/dmtu (RMB 34.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.02/dmtu (RMB 36/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 domestic manganese ore market in China has been at normal levels in the past seven days. Foreign manganese ore suppliers have mostly kept their quoted prices at high levels, which has provided support for domestic manganese ore prices. The downstream manganese alloy market has lately indicated a slight rebound, also exerting a positive influence on manganese ore prices. As for the week ahead, considering that demand may see a slight recovery and that support from the cost side is still strong, it is believed that manganese ore prices may move up by small margins.
$1 = RMB 7.178