The Chinese domestic manganese ore market has seen slight reductions in prices during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.84/dmtu (RMB 54/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.40/dmtu (RMB 51/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.55/dmtu (RMB 52/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.39dmtu (RMB 44/dmtu). ($1 = RMB 6.89)
Overall trading activity in the Chinese manganese ore market has been at low levels in the past week, while the slight decline in prices has been due to increases in ore inventory levels at ports and the ongoing slackness of downstream demand. However, recent increases in futures prices have provided a certain degree of support for manganese ore prices. As for the coming week, it is believed that manganese ore prices in China may fluctuate slightly or remain stable.