The Chinese domestic manganese ore market has moved up slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.76/dmtu (RMB 60/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.61/dmtu (RMB 59/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.39/dmtu (RMB 57.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.03/dmtu (RMB 55/dmtu).
Overall trading activity has been at normal levels in the past seven days in the Chinese manganese ore market where prices have risen slightly due to support from downstream manganese alloy prices. As for the coming week, supply volumes will not change much and downstream manganese alloy prices will still be the main factor influencing manganese ore prices. Accordingly, it is thought that manganese ore prices in China will be mostly stable in the week ahead, with slight upticks also possible.