Chinese domestic manganese ore prices have mostly moved up by a small margin during the past week, with some prices remaining stable. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.36/dmtu (RMB 45/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.94/dmtu (RMB 42/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.87/dmtu (RMB 41.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.95/dmtu (RMB 35/dmtu).
Overall trading activity in the domestic manganese ore market has increased as the National Day holiday approached and is considered to be at normal levels. Downstream manganese alloy prices have risen slightly. Supplies of manganese ore have also increased, as have ore inventories at ports. As for the week ahead, it is believed that manganese ore prices may move sideways or rise by a small margin.
$1 = RMB 7.072