Chinese domestic manganese ore prices have showed a mostly stable trend during the past week, with some slight downticks seen too. 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 $5.29/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 domestic manganese ore market has been at normal levels during the past week. Prices have been mostly stable supported by the high levels of quotations from foreign manganese ore producers. Inventories at Chinese ports keep decreasing, while downstream manganese alloy production has remained at a high level, with both of these factors also supporting manganese ore prices. However, some traders have chosen to reduce their quoted prices slightly due to the approach of the end of the year. As for the week ahead, it is believed that manganese ore prices may indicate a small rebound.
$1 = RMB 7.189
