The Chinese domestic manganese ore market has indicated a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.28/dmtu (RMB 55/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.98/dmtu (RMB 53/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.98/dmtu (RMB 53/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.93dmtu (RMB 46/dmtu).
Trading activity in the Chinese manganese ore market has remained sluggish in the past week. Overseas suppliers' unchanged ore prices have provided support for the sideways movement of domestic manganese ore prices. Meanwhile, downstream manganese alloy prices are characterized by a soft trend, while this soft trend and environmental protection measures have negatively influenced manganese alloy production volumes, and this in turn has contributed to the weak demand for manganese ore. As for the coming week, it is believed that manganese ore prices will mostly move on a stable trend, with slight downticks also possible.
$1 = RMB 6.63