The Chinese domestic manganese ore market has been mostly stable during the past week, but also with some slight increases seen in prices of certain products. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.66/dmtu (RMB 57/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.21/dmtu (RMB 54/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.51/dmtu (RMB 56/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.99dmtu (RMB 46/dmtu). ($1 = RMB 6.58)
Overall trading activity in the Chinese manganese ore market has been at normal levels in the past week, while inventories in the market are on the low side, providing support for market prices. Downstream manganese alloy prices have continued their stable trend, which also helps to bolster manganese ore prices. As for the coming week, it is thought that manganese ore prices in China may still follow a mostly stable trend, with some slight upticks.