Chinese domestic manganese ore prices have showed a slight upward during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.14/dmtu (RMB 36.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.86/dmtu (RMB 34.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.00/dmtu (RMB 35.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.64/dmtu (RMB 33/dmtu).
Overall trading activity in the domestic manganese has remained weak due to the off-season and as certain downstream buyers have already exited the market ahead of the long holiday. Foreign manganese ore producers’ quoted prices have moved up by small margins, causing many traders in the domestic market to follow suit. As for the week ahead, it is believed that manganese ore prices may follow a stable trend ahead of the holiday.
$1 = RMB 7.106