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 $7.55/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 $7.98/dmtu (RMB 55/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.39dmtu (RMB 44/dmtu). ($1 = RMB 6.89)
Quotations from overseas miners have continued to edge up slightly, providing support for prices in the Chinese
manganese ore market. Trading activity is still at normal levels against the backdrop of the lack of changes in prices and demand in the downstream manganese alloy market. It is believed that the
manganese ore market will maintain its current price levels in the week ahead.