Chinese domestic manganese ore prices have mostly indicated a slightly soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.44/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.88/dmtu (RMB 35/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.30/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.39/dmtu (RMB 31.5 /dmtu).
Overall trading activity for manganese ore in China has slackened and is now considered to be weak. Downstream manganese alloy market prices have moved down by small margins and mostly alloy producers have finished building up stocks of manganese ore ahead of the National Day holiday. Manganese ore supply volumes have increased slightly, exerting some pressure on manganese ore prices. As for the week ahead, considering the demand side may weaken further, it is believed that manganese ore prices may continue their slightly soft trend.
$1 = RMB 7.173
