Chinese domestic manganese ore prices have mostly been stable in the past week, with some slight upticks seen also. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.24/dmtu (RMB 40.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.85/dmtu (RMB 38/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.78/dmtu (RMB 37.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.47/dmtu (RMB 35.5/dmtu). ($1 = RMB 6.492)
While manganese ore prices in China have been mostly stable in the past week, prices of some ores have risen slightly due to increasing trading activity. Downstream manganese alloy market prices have indicated an upward trend due to production restrictions, contributing to the weakness of demand for manganese ore and exerting some pressure on manganese ore prices. As for the week ahead, it is believed that manganese ore prices may continue a mostly stable trend, with some minor fluctuations possible.