Chinese domestic manganese ore prices have followed a slightly downtrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.27/dmtu (RMB 40.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.80/dmtu (RMB 37.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.88/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.49/dmtu (RMB 35.5/dmtu).
Chinese manganese ore prices have moved down slightly during the past seven days. Overall trading activity has been weak since the downstream manganese alloy segment has been subject to limitations on production volumes. Overseas suppliers’ manganese ore quotations have continued to support manganese ore prices in China. but most traders towards the end of July choose to slightly reduce their prices in order to close more deals. As for the week ahead, it is believed that manganese ore prices in China may fluctuate slightly.
$1 = RMB 6.461