Chinese domestic manganese ore prices have continued a mostly upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.87/dmtu (RMB 63/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $9.01/mtu (RMB 64/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.87/dmtu (RMB 63/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.74/dmtu (RMB 55/dmtu).
Chinese manganese ore prices have continued their upward trend for most grades of ore during the past week. Overall trading activity has been weak, while the supply volume of South African lump ore has remained at normal levels, and so the quoted prices for this product have been mainly stable. Other ore grades have continued their upward trend again, while the demand side has still generally maintained a wait-and-see stance. As for the week ahead, considering the support from foreign manganese ore producers, it is believed that manganese ore prices may keep moving up again, but the increase margins may become smaller.
$1 = RMB 7.105
