Chinese domestic manganese ore prices have decreased slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.19/dmtu (RMB 48.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.97/dmtu (RMB 47/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.82/dmtu (RMB 46/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.34/dmtu (RMB 36/dmtu).
Overall trading activity in the domestic manganese ore market has remained weak, though prices have received some support from the recent rebound in the downstream manganese alloy market, while prices of other raw materials recently have lately moved up in both the spot and futures markets. As for the week ahead, considering downstream manganese alloy production volumes may increase, it is believed that manganese ore prices may resume a stable trend.
$1 = RMB 6.746