The Chinese domestic manganese ore market has continued to follow a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.94/dmtu (RMB 60/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.49/dmtu (RMB 57/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.64/dmtu (RMB 58/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.20/dmtu (RMB 55/dmtu). ($1 = RMB 6.71)
Overall trading activity in the Chinese manganese ore market has been at normal levels in the past seven days. Overseas suppliers’ manganese ore quotations for April shipment have risen slightly, providing support for domestic manganese ore prices in China. Downstream manganese alloy prices have indicated minor fluctuations. It is believed that manganese ore prices in China will continue their stable trend in the week ahead.