The Chinese domestic manganese ore market has moved on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.5/dmtu (RMB 52/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.2/dmtu (RMB 50/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.2/dmtu (RMB 50/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.4/dmtu (RMB 44/dmtu).
Demand in the Chinese manganese ore market has remained weak in the past seven days. While manganese ore quotations from overseas suppliers have increased, traders in the Chinese market have been unwilling to push up their prices. Nevertheless it is believed that they may raise their prices slightly in the coming week due to increased costs.
$1 = RMB 6.90