Chinese domestic manganese ore prices have continued a mostly stable trend during the past week, though with some small downticks also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.07/dmtu (RMB 36 /dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.93/mtu (RMB 35/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.93/dmtu (RMB 35/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.65/dmtu (RMB 33/dmtu).
Overall trading activity in the domestic manganese ore market has remained slack. The manganese ore supply volume from abroad as well as market inventories at ports have declined, providing some support for manganese ore price. However, since demand has remained weak, some traders were willing to offer certain discounts, especially at the end of March. As for the week ahead, it is believed that manganese ore prices may continue a mostly stable trend again.
$1 = RMB 7.096
