Chinese domestic manganese ore prices have continued to follow a slight downtrend during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.34/dmtu (RMB 43.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.93/mtu (RMB 47.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.49/dmtu (RMB 44.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.98/dmtu (RMB 41/dmtu).
Overall trading activity in the domestic manganese ore market has been at weak levels in the past week, with prices moving down slightly as traders have sought to close more deals, despite the upticks seen in manganese alloy prices ahead of the Labor Day holiday. As for the week ahead, it is believed that manganese ore prices may fluctuate by small margins, with small rebounds possible.
$1 = RMB 6.859
