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 $6.19/dmtu (RMB 44/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.33/mtu (RMB 45/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.12/dmtu (RMB 43.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.78/dmtu (RMB 34/dmtu).
Local Chinese manganese ore prices have still indicated some slight though at the same time prices of some grades have rebounded slightly during the past week. Overall trading activity has improved a little but is still at low levels. Some traders are more willing to keep their quoted prices stable or slightly increase then due to the approach of the traditional peak season for sales. At the end of August, most traders slightly reduced their quoted prices in order to close more deals and collect more cash in hand. As for the week ahead, it is believed that manganese ore prices may rebound by small margins.
$1 = RMB 7.11