The Chinese domestic manganese ore prices have indicated a slightly downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.19/dmtu (RMB 40.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.81/dmtu (RMB 38/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.73/dmtu (RMB 37.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.43/dmtu (RMB 35.5/dmtu).
Chinese manganese ore prices have softened slightly during the past week. Overall trading activity is at normal levels. Downstream manganese alloy market prices have showed a downward trend and this has been the main factor causing manganese ore prices to decline. The support from foreign suppliers’ quoted prices is not strong. But low market inventory and low supply volumes have provided some support for manganese ore prices. As for the week ahead, it is believed that manganese ore prices may continue their slight downtrend.
$1 = RMB 6.545