Chinese domestic manganese ore prices have mostly indicated a slight decrease during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.53/dmtu (RMB 42.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.07/dmtu (RMB 39.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.00/dmtu (RMB 39/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.61/dmtu (RMB 36.5/dmtu).
Overall trading activity in the Chinese manganese ore market has been sluggish in the past seven days since the downstream manganese alloy segment has been negatively impacted by production restrictions in certain areas of the country. Overseas suppliers’ manganese ore quotations have softened slightly, which has exerted pressure on domestic manganese ore prices. However, the overseas suppliers may reduce their supply volumes. As for the week ahead, it is believed that manganese ore prices may fluctuate slightly amid a slight recovery on the demand side.
$1 = RMB 6.504