Chinese domestic manganese ore prices have decreased slightly during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $9.20/dmtu (RMB 63.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.70/dmtu (RMB 60/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.77/dmtu (RMB 60.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.12/dmtu (RMB 56/dmtu).
In the given period, overall trading activity in the local Chinese manganese ore market has remained at low levels. The downward movement of import manganese ore offers from foreign mills has been the main reason for the price declines in domestic market. However, the decline in domestic market prices has been small due to traders’ high inventories. As for the week ahead, prices in the local Chinese manganese ore market are expected to mostly remain stable, though slight declines are possible.