Chinese domestic manganese ore prices have showed a mostly stable during the past week, with some slight upticks also. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.43/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.95/dmtu (RMB 35.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.36/dmtu (RMB 38.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.39/dmtu (RMB 31.5 /dmtu).
Overall trading activity in the domestic manganese ore market has remained at normal levels. Downstream manganese alloy production volumes as well as demand for manganese ore have also remained at normal levels, supporting most traders in keeping their prices stable. Supply of certain grades has fallen slightly, causing prices of those grades to rise by small margins. As for the week ahead, most traders hold a positive view and it is thought that manganese ore prices may move sideways or rise slightly.
$1 = RMB 7.17