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 $8.18/dmtu (RMB 55/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.74/dmtu (RMB 52/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.60/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.70dmtu (RMB 45/dmtu). ($1 = RMB 6.72)
Trading activity and inventories are at normal levels in the Chinese manganese ore market, where demand and supply are currently in equilibrium. Increases in downstream manganese alloy prices have provided some support for manganese ore prices. As for the coming week, it is thought that manganese ore prices in China may follow a stable trend, with slight upticks also possible.