The Chinese domestic
manganese ore market has followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.55/dmtu (RMB 52/dmtu) at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.26/dmtu (RMB 50/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.11/dmtu (RMB 49/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.39dmtu (RMB 44/dmtu). ($1 = RMB 6.89)
Overall trading activity in the Chinese
manganese ore market has improved to normal levels in the past week since the downstream manganese alloy market is now moving on a sideways trend. Overseas miners'
manganese ore quotations are unchanged. It is believed that, with steel product prices rebounding in
China, domestic
manganese ore prices may move on an upward trend in the week ahead.