Chinese domestic manganese ore prices have indicated further slight decreases during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.63/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.77/mtu (RMB 41/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.56/dmtu (RMB 39.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.78/dmtu (RMB 34/dmtu).
Overall trading activity in the domestic steel section market is still sluggish, while prices have again softened by small margins, impacted by the downticks in downstream manganese alloy prices. As for the week ahead, since demand for manganese ore may remain slack, it is believed that manganese ore prices may soften slightly again or move sideways.
$1 = RMB 7.109
