Chinese domestic manganese ore prices have followed a soft trend during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.74/dmtu (RMB 39/dmtu) at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.11/mtu (RMB 41.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.74/dmtu (RMB 39/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.08/dmtu (RMB 34.5/dmtu).
Overall trading activity in the Chinese manganese ore market has been at low levels during the past week, while prices have softened, influenced by the decreases seen in the manganese alloy market. However, the support from the cost side is still decent and decreases in ore prices are expected to be smaller during the coming weeks. As for the week ahead, it is believed that manganese ore prices may just move down slightly
$1 = RMB 6.793
