Negative factors impact Chinese manganese ore market

Wednesday, 12 March 2014 15:13:06 (GMT+3)   |   Shanghai
       

The Chinese domestic manganese ore market has generally moved on a stable trend in the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.36-6.44/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.20-6.28/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.04/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.38/dmtu.
 
While quotations have been stable in the domestic manganese ore market, there has been room for negotiation on transaction prices, while demand in the market has remained slack. Prices in the downstream manganese alloy market are still at low levels, while overseas manganese ore quotations have remained unchanged, and neither of these factors provides any support for a rebound in manganese ore prices. For the coming week, China's domestic manganese ore market is expected to continue its stable trend or see a slight decrease depending on the trade volume.

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