Chinese manganese ore market mostly stable, with some minor downticks also

Tuesday, 23 July 2019 16:10:36 (GMT+3)   |   Shanghai
       

The Chinese domestic manganese ore market has mostly moved on a stable trend in the past week, though with some slight downticks in prices also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.7/dmtu (RMB 53/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.41/dmtu (RMB 51/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.41/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.76/dmtu (RMB 46.5/dmtu). ($1 = RMB 6.88)

Overall trading activity in the Chinese manganese ore market has slackened and been at low levels in the past seven days. Overseas suppliers’ manganese ore quotations have softened slightly, while downstream manganese alloy prices also have been characterized by a soft trend. As for the week ahead, it is believed that manganese ore prices in China will mostly indicate stable movement, with some decreases also possible.


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