Chinese domestic manganese ore prices have followed a downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.62/dmtu (RMB 40.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.62/mtu (RMB 40.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.48/dmtu (RMB 39.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.79/dmtu (RMB 34.5/dmtu).
Overall trading activity in the domestic manganese ore market has been sluggish in the past seven days due to the weaker demand from manganese alloy producers, while manganese ore prices have continued to move down, amid decreases in manganese alloy prices, against the backdrop of the US tariff policy. Meanwhile, manganese ore supply levels as well as inventories at Chinese ports have increased, also exerting some downward pressure on prices. As for the week ahead, it is believed that manganese ore prices may soften again but by smaller margins.
$1 = RMB 7.210