Chinese domestic manganese ore prices have indicated a slight decrease during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.82/dmtu (RMB 43.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.59/dmtu (RMB 42/dmtu). Also, at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.35/dmtu (RMB 40.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.41/dmtu (RMB 34.5/dmtu).
Overall trading activity in the domestic manganese market has remained slack. Downstream manganese alloy prices have moved down by a slight margin, thereby weakening the support for manganese ore prices. Meanwhile, manganese alloy production volumes have remained at a low level, contributing to the slackness of demand for manganese ore. Overseas manganese ore producers’ quoted prices have declined by a small margin. As for the week ahead, it is believed that manganese ore prices may indicate minor fluctuations.
$1 = RMB 6.374
