The Chinese domestic manganese ore market has continued its stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.33/dmtu (RMB 55/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.88/dmtu (RMB 52/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.73/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.82dmtu (RMB 45/dmtu). ($1 = RMB 6.60)
Overall trading activity in the Chinese manganese ore market has improved in the past week but still remains weak. Downstream manganese alloy prices have been providing a certain degree of support for prices and trading activity in the manganese ore market, while overseas suppliers have mostly kept their prices unchanged. As for the coming week, it is believed that manganese ore prices in China may continue their stable trend.