Chinese domestic manganese ore prices have either remained stable or moved up by a small margin during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.91/dmtu (RMB 44/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.60/dmtu (RMB 42/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.36/dmtu (RMB 40.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.42/dmtu (RMB 34.5/dmtu).
Overall trading activity in the domestic manganese ore market has improved a little due to the recovery of downstream manganese alloy production volumes. Foreign manganese ore suppliers’ quoted prices have moved down by a small margin but still provide strong support for domestic manganese ore prices. As for the week ahead, it is believed that manganese ore prices in China may again move sideways for up slightly, supported by good demand.
$1 = RMB 6.368