Chinese domestic manganese ore prices have followed a mostly stable trend in the past week, with slight upticks for certain ores also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.18/dmtu (RMB 40/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 $5.80/dmtu (RMB 37.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.49/dmtu (RMB 35.5/dmtu). ($1 = RMB 6.468)
Overall trading activity in China’s manganese ore market has improved in the past seven days, but is still considered to be weak. Restrictions on manganese alloy production have been eased a little, and so demand for manganese ore has increased somewhat, causing some manganese ore prices to rise slightly. As for the week ahead, considering that demand may continue to recover, it is believed that manganese ore prices in China may indicate small increases.