The Chinese domestic manganese ore prices have followed a mostly stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.17/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71/dmtu (RMB 37/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.79/dmtu (RMB 37.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.40/dmtu (RMB 35/dmtu).
Overall trading activity has slightly increased but still weak. Downstream alloy prices have indicated an upward tendency since production restrictions have continued to impact alloy supply volume. Demand side has slightly recovered but still weak. As for the week ahead, it is believed that manganese ore prices may follow a mostly stable trend.
$1 = RMB 6.481