In the past week, the Chinese domestic manganese ore market has followed a mostly stable trend, with some slight downticks also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.78/dmtu (RMB 53.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.41/dmtu (RMB 51/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.41/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.76/dmtu (RMB 46.5/dmtu).
Overall trading activity in the Chinese manganese ore market has slackened in the past seven days against the backdrop of the slight downtrend in downstream manganese alloy prices. Overseas miners’ quoted prices have mostly been stable, though with some small increases also observed. As for the week ahead, it is believed that manganese ore prices in China will mainly move sideways, with small fluctuations also possible.
$1 = RMB 6.88