Chinese domestic manganese ore prices have continued to follow a soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.20/dmtu (RMB 42.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.63/mtu (RMB 45.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.41/dmtu (RMB 44/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.83/dmtu (RMB 40/dmtu).
Overall trading activity in the domestic manganese ore market has been slow in the past seven days, while prices have continued to move down amid decreases in manganese alloy prices in the spot and futures markets, while most manganese ore traders have continued to reduce their quoted prices slightly in order to close more deals before the end of the month. As for the week ahead, it is believed that manganese ore prices may fluctuate by small margins before the Labor Day holiday.
$1 = RMB 6.859
