Chinese domestic manganese ore prices have continued a slightly upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.59/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.80/mtu (RMB 41.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.59/dmtu (RMB 40/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.89/dmtu (RMB 35/dmtu).
Overall trading activity in the domestic manganese ore market has been at normal levels in the past seven days, while prices have continued to edge up, supported by upticks in downstream manganese alloy prices and normal manganese alloy production volumes. As for the week ahead, since manganese alloy futures prices are showing signs of softening, it is believed that manganese ore prices may follow a mostly stable trend.
$1 = RMB 7.151
