The Chinese domestic manganese ore market has followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.45/dmtu (RMB 56/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.14/dmtu (RMB 54/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.14/dmtu (RMB 54/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.94dmtu (RMB 46/dmtu). ($1 = RMB 6.63)
Overall trading activity in the Chinese manganese ore market has been slack in the past week against the backdrop of the ongoing declines in manganese alloy prices. However, unchanged ore quotations from overseas suppliers have provided support for the stability of the domestic manganese ore market during the week in question. As for the coming week, it is thought that the manganese ore market may continue its stable trend due to support from the cost side.