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 $5.77/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.77/mtu (RMB 41.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.15/dmtu (RMB 37/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.73/dmtu (RMB 34/dmtu).
Overall trading activity in the Chinese manganese ore market has been at a normal level in the past seven days, while prices have been mainly stable, supported by some small upticks in downstream manganese alloy prices. Foreign manganese ore producers’ quoted prices have showed a mostly stable trend, which also supports manganese ore prices. As for the week ahead, it is believed that manganese ore prices may move sideways or up slightly.
$1 = RMB 7.188
