Chinese manganese ore market price moves up slightly

Tuesday, 25 July 2017 16:51:50 (GMT+3)   |   Shanghai
       

The Chinese domestic manganese ore market has mostly indicated a slight uptrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.14/dmtu (RMB 55/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.7/dmtu (RMB 52/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.56/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.7/dmtu (RMB 45/dmtu).

Trading activity in the Chinese manganese ore market has improved in the past week and is now at good levels. The strong performance of the downstream manganese alloy market has contributed to the increased demand for manganese ore. At the same time, however, some recent decreases in raw material futures prices have resulted in a somewhat more cautious mood among traders in the manganese ore market. It is thought that manganese ore prices in China may move sideways in the week ahead.

$1 = RMB 6.75


Similar articles

Local Chinese chrome ore and ferrochrome prices - week 13, 2024

29 Mar | Scrap & Raw Materials

Local pig iron prices in China - week 13, 2024

29 Mar | Scrap & Raw Materials

Local molybdenum and ferromolybdenum prices in China - week 13, 2024

29 Mar | Scrap & Raw Materials

Local Chinese coking coal prices - week 13, 2024

29 Mar | Scrap & Raw Materials

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Local Italian scrap market still sluggish, prices stable

29 Mar | Scrap & Raw Materials

Ukraine’s Zaporizhstal completes first stage of BF No. 3 overhaul

29 Mar | Steel News

Iron ore prices drop by over $9/mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials