Chinese domestic manganese ore prices have moved up slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.83/dmtu (RMB 49/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.83/mtu (RMB 49/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.76/dmtu (RMB 48.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.51/dmtu (RMB 39.5/dmtu).
Overall trading activity in the domestic manganese ore market has been at normal levels in the past week. Supply volumes have remained weak and inventory levels at ports are very low, providing support for manganese ore prices. The downstream manganese alloy market has showed a fluctuating trend and demand for manganese ore has stayed at normal levels. As for the week ahead, considering the low market inventory, it is believed that manganese ore prices may move up by small margins.
$1 = RMB 7.174
