The Chinese domestic manganese ore market has been mostly stable in the past week, though with slight downticks seen in certain ore prices. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $9.03/dmtu (RMB 57.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.95/dmtu (RMB 57/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.87/dmtu (RMB 56.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.40/dmtu (RMB 53.5/dmtu). ($1 = RMB 6.37)
Overall trading activity in the Chinese manganese ore market is still at a low level, while prices are mostly stable again due to support from new high-priced shipments which have arrived in China. Overseas suppliers' quotations have continued to soften slightly, causing traders to mainly hold a negative view of the prospects for the manganese ore price trend in the coming period. In the downstream manganese alloy market, price have followed a fluctuating trend, while there has not been any improvement in demand volumes. As for the coming week, it is believed that manganese ore prices in China will continue their mostly stable trend, with some slight decreases also possible due to lack of support from the demand side.