The Chinese domestic manganese ore market has mostly moved on a stable trend during the past week.
The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $12.11/dmtu (RMB 82/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $11.67/dmtu (RMB 79/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $10.78/dmtu (RMB 73/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.57/dmtu (RMB 58/dmtu). ($1= RMB 6.77)
While the Chinese manganese ore market has mainly moved sideways in the past week, the price of South African lump ore has increased due to relatively better demand for ore of this origin compared to other ores. Overall, however, demand in the domestic manganese ore market is at weak levels. In addition, market sources state that shipments from South Africa could be impacted by a strike threatened by general transport workers in this country. Manganese ore quotations from overseas miners have risen, while the downstream manganese alloy market in China has indicated upward movement, providing support for the domestic manganese ore market. It is expected that domestic manganese ore prices will mainly move sideways in the coming week, with some increases in prices also possible.