Chinese domestic manganese ore prices have followed a slightly uptrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.35/dmtu (RMB 41/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.89/dmtu (RMB 38/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.89/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.58/dmtu (RMB 36/dmtu). ($1 = RMB 6.453)
Domestic manganese ore prices have risen slightly during the past week as downstream alloy prices have increased amid anticipated production restrictions. Trading activity has also increased, especially for northern ports. However, overseas suppliers’ manganese ore quotations have indicated a stable trend. As for the week ahead, considering demand for manganese ore may weaken, it is believed that manganese ore prices in China may just indicate minor fluctuations.