The Chinese domestic manganese ore market has followed a slightly soft trend in the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.83/dmtu (RMB 59/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.68/dmtu (RMB 58/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.53/dmtu (RMB 57/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.23/dmtu (RMB 55/dmtu). ($1 = RMB 6.68)
In the past week, trading activity in the Chinese manganese ore market has been at normal levels, while decreases in downstream manganese alloy prices amid environmental protection measures have been the main factor contributing to the slightly soft trend of manganese ore prices. Overseas suppliers' manganese ore quotations for August shipment are unchanged, while inventories at Chinese ports are still at high levels, and this has also contributed to the soft trend of manganese ore prices. As for the coming week, it is believed that manganese ore prices in China may resume a stable trend as demand is expected to increase due to higher manganese alloy production volumes amid reduced impact from environmental protection measures.