The Chinese domestic manganese ore market has mostly followed a stable trend in the past week, though some downticks have also been seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.65/dmtu (RMB 59/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.50/dmtu (RMB 58/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.28/dmtu (RMB 56.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.92/dmtu (RMB 54/dmtu). ($1 = RMB 6.82)
Overall trading activity in the Chinese manganese ore market has remained at normal levels in the past week, while minor decreases in prices in the downstream manganese alloy market and the lack of improvement in demand for manganese ore have contributed to the few downticks seen in manganese ore prices. Overseas suppliers' quotations have risen slightly, providing support from the cost side for manganese ore prices in the Chinese market. As for the coming week, it is believed that manganese ore prices in China will be mostly stable amid support from the cost side and the lack of change in demand.