Chinese domestic manganese ore prices have indicated a slightly upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.04/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.89/dmtu (RMB 38.5/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 $5.28/dmtu (RMB 34.5/dmtu).
Chinese manganese ore prices have risen slightly during the past week. Downstream manganese alloy prices have followed an upward trend and production volumes have increased, leading to increased trading activity for manganese ore. Meanwhile, inventory levels of ore at Chinese ports have declined, especially for Australian lump ore, providing support for manganese ore prices. As for the week ahead, considering that downstream demand has increased recently and that support from overseas suppliers’ prices still exists, it is believed that manganese ore prices in China may continue on a slightly upward trend.
$1 = RMB 6.539