The Chinese domestic
manganese ore market has moved on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.57/dmtu (RMB 52/dmtu) at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.13/dmtu (RMB 50/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.28/dmtu (RMB 49/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.40/dmtu (RMB 44/dmtu). ($1 = RMB 6.87)
Overall trading activity in the Chinese
manganese ore market has remained at low levels in the past week, especially as the downstream manganese alloy market has been following a slightly soft trend. On the other hand, given the rebounds in raw material futures prices in
China and the mostly sideways movement with some slight upticks seen in
manganese ore quotations from overseas suppliers, there has been sufficient support for the stable movement of domestic
manganese ore prices. As for the coming week, it is thought that the
manganese ore market in
China will continue to move sideways.