Chinese domestic manganese ore prices have indicated small fluctuations during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.88/dmtu (RMB 38.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.73/dmtu (RMB 37.5/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 $5.35/dmtu (RMB 35/dmtu).
Overall trading activity the Chinese domestic manganese ore market has mostly been at normal levels, supported by the upward trend of downstream manganese alloy prices. Reductions in prices of steelmaking raw materials in the past week have exerted some pressure on manganese ore prices. As for the week ahead, against the backdrop of normal demand levels and a slight weakening of support from the cost side, it is believed that manganese ore prices in China will again just indicate slight fluctuations.
$1 = RMB 6.545