Chinese domestic manganese ore prices have followed a slight downtrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.83/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.83/mtu (RMB 42/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.83/dmtu (RMB 42/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.93/dmtu (RMB 35.5/dmtu).
Overall trading activity in the domestic manganese ore market has been sluggish in the past week. Downstream manganese alloy prices have softened due to the US tariff policy changes, causing demand volumes for manganese ore to continue to shrink. Most manganese ore traders have chosen to reduce their quoted prices slightly in order to close more deals. As for the week ahead, it is believed that manganese ore prices may again indicate a soft trend.
$1 = RMB 7.204