Chinese domestic manganese ore prices have indicated a mostly stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.50/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.04/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.88/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.65/dmtu (RMB 36.5/dmtu). ($1 = RMB 6.461)
Overall trading activity for manganese ore in China has been weak due to price decreases and reduced production volumes recently in the downstream manganese alloy segment. The prices of certain types of manganese ore have fallen slightly in order to close more deals. However, foreign suppliers’ manganese ore quotations have continued to provide strong support for domestic manganese ore prices. As for the week ahead, it is believed that manganese ore prices may follow a mostly stable trend, with slight upticks possible.