Chinese domestic manganese ore prices have continued a slight uptrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.23/dmtu (RMB 43/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.38/mtu (RMB 44/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.38/dmtu (RMB 44/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.73/dmtu (RMB 39.5/dmtu).
Overall trading activity in the manganese ore market in China has improved slightly after prices increased but is still at normal levels. The downstream manganese alloy market has continued its good performance, while support from foreign manganese ore producers’ quoted prices is still strong. As for the week ahead, it is believed that manganese ore prices may just fluctuate slightly after recent increases as demand may slacken a little.
$1 = RMB 6.898
