Chinese domestic manganese ore prices have showed a mostly stable trend during the past week, though with minor downticks in some prices. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.84/dmtu (RMB 42/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 $5.29/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.66/dmtu (RMB 33.5/dmtu).
Overall trading activity in the Chinese manganese ore market has slackened a little and is currently considered to be at normal levels. The downstream manganese alloy production volume has remained at normal levels, supporting manganese ore prices. Some traders have chosen to cut their quoted prices slightly as the end of the year approaches. Ore inventory at ports has indicated some decreases, which also provides some support for manganese ore prices. As for the week ahead, it is believed that manganese ore prices may just indicate minor fluctuations.
$1 = RMB 7.190
