Chinese domestic manganese ore prices have followed a mostly stable trend during the past week, though with some slight upticks for certain materials. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.69/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.33/dmtu (RMB 37.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.26/dmtu (RMB 37/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.26/dmtu (RMB 37/dmtu).
Overall trading activity in the Chinese domestic manganese ore market has slackened and been weak levels in the past week. Overseas suppliers’ quoted prices have been stable, while downstream demand for manganese ore has again become sluggish and is unable to support much further upward movement of manganese ore prices. As for the week ahead, it is believed that domestic manganese ore prices may follow a mostly stable trend again, while downstream demand will weaken further as weather conditions become colder.
$1 = RMB 7.034