Chinese domestic manganese ore prices have continued their stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.96/dmtu (RMB 60/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.51/dmtu (RMB 57/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.66/dmtu (RMB 58/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.06/dmtu (RMB 54/dmtu).
In the past week, overall trading activity in the Chinese manganese ore market has been at normal levels. Downstream manganese alloy prices have recently shown a soft trend, which has put some pressure on manganese ore prices, but most traders have kept their manganese ore prices stable since their profit margins are very narrow following the upticks seen in overseas suppliers’ ore quotations. As for the week ahead, domestic manganese ore prices are expected to continue their stable trend due to support from the cost side.