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 $6.40/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.01/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.94/dmtu (RMB 38.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.63/dmtu (RMB 36.5/dmtu).
Chinese manganese ore prices have indicated a mostly stable trend with certain grades at high inventory levels slightly moved down during the past week. Overall trading activity has been weak since downstream alloy producers have been limited by electric policy. As for the week ahead, considering the support from the cost side and weak demand, it is believed that manganese ore prices may continue to see a stable trend.
$1 = RMB 6.486