The Chinese manganese ore market has moved on a decreasing trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $10.07/dmtu (RMB 70/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $9.78/dmtu (RMB 68/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $9.78/dmtu (RMB 68/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.48/dmtu (RMB 52/dmtu). ($1 = RMB 6.95)
Trading activity in the Chinese manganese ore market has almost ground to a halt due to the approach of the Chinese New Year holiday, while the decrease in prices has been mainly due to lower manganese ore offer prices from overseas suppliers. Given the recent arrivals of lower-priced manganese ore shipments at Chinese ports, it is thought that the downward trend in the Chinese manganese ore market will continue in the coming period.