The Chinese domestic manganese ore market has followed a mostly stable in the past week, with some slight downticks also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $9.62/dmtu (RMB 66/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $9.18/dmtu (RMB 63/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $9.04/dmtu (RMB 62/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.38/dmtu (RMB 57.5/dmtu).
The slight decreases seen in some Chinese domestic manganese ore prices during the past seven days have been due to declines in downstream manganese alloy prices, while the ongoing low trading activity for manganese ore contributes to the lack of support for ore prices. However, overseas suppliers' quotations have remained at high levels, providing support for the stability of prices in China. As for the week ahead, it is believed that manganese ore prices may follow a mostly stable trend again.
$1 = RMB 6.86