Chinese domestic manganese ore prices have continued their downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.41/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.41/mtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.34/dmtu (RMB 38.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.65/dmtu (RMB 33.5/dmtu).
Overall trading activity in the domestic manganese ore market has continued to slacken slightly and is currently considered to be weak. while the supply volume and inventory at ports have continued to increase. Most traders have chosen to cut their quoted prices amid these conditions, also influenced by some softness in downstream manganese alloy prices. As for the week ahead, it is believed that manganese ore prices may indicate minor decreases.
$1 = RMB 7.207
