Chinese domestic manganese ore prices have edged down slightly over the past week. Mainstream quotations for Australian lump ore with 46 percent Mn content currently stand at $6.00/dmtu (RMB 41/dmtu) at China’s Tianjin port, while offers for lump ore with 48 percent Mn content are at $6.43/dmtu (RMB 44/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.14/dmtu (RMB 42/dmtu), while offers for South African lump ore with 38 percent Mn content are at $5.63/dmtu (RMB 38.5/dmtu).
Chinese manganese ore prices have continued to move down slightly over the past week, though the overall decline has been limited. Trading activity has remained weak. The downstream manganese alloy market has fluctuated with a slight downtrend, providing little support for manganese ore prices. However, manganese alloy futures have shown a slight rebound recently, giving some confidence to manganese ore traders. In the coming week, manganese ore prices are expected to fluctuate within a narrow range.
$1 = RMB 6.838
