Chinese domestic manganese ore prices have continued to decrease slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.69/dmtu (RMB 40.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.83/mtu (RMB 41.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.55/dmtu (RMB 39.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.85/dmtu (RMB 34.5/dmtu).
Overall trading activity in the domestic manganese ore market has remained weak due to the off-season and the hot weather, while prices have softened slightly again influenced by small declines in downstream manganese alloy prices. As for the week ahead, since the support from the cost side is still sufficiently strong, it is believed that manganese ore prices may follow a mostly stable trend.
$1 = RMB 7.119
