Chinese manganese ore prices follow a downward trend

Tuesday, 19 July 2022 16:01:25 (GMT+3)   |   Shanghai
       

Chinese domestic manganese ore prices have decreased during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.08/dmtu (RMB 54.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.86/dmtu (RMB 53 /dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.56/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.63/dmtu (RMB 38/dmtu).

Overall trading activity in the domestic manganese ore market has been weak as downstream manganese alloy prices have softened. Or supply volumes have recently increased, especially for Australian lumps. Steel product prices have lately moved down in both the spot and futures markets, which means less support for manganese ore prices. As for the week ahead, it is believed that manganese ore prices may continue their downward trend though the decrease margins may be smaller.

$1 = RMB 6.745


Similar articles

Chinese manganese ore prices mostly remain stable, with some downticks  

27 Mar | Scrap & Raw Materials

India’s MOIL sees 15% rise in manganese ore output in February

04 Mar | Steel News

India’s core sector industries record 15-month low in output growth in January

01 Mar | Steel News

India’s MOIL Limited hikes price of low grade manganese ore

01 Mar | Steel News

Manganese ore shipments via Port Hedland up 25.9 percent in January

29 Feb | Steel News

Local Chinese manganese ore prices mostly stable

06 Feb | Scrap & Raw Materials

India’s MOIL Limited sees 37% rise in net profit in Q3 FY 2023-24

05 Feb | Steel News

Local Chinese manganese ore prices mostly stable, with some upticks

16 Jan | Scrap & Raw Materials

Manganese ore shipments via Port Hedland triples in November from October

03 Jan | Steel News

India’s MOIL Limited achieves highest ever manganese ore output in 2023

25 Dec | Steel News