Chinese domestic manganese ore prices have followed a stable or slightly upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.99/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.28/mtu (RMB 44/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.21/dmtu (RMB 43.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.14/dmtu (RMB 36/dmtu).
Overall trading activity in the manganese ore market in China has slackened a little over the past week and is currently considered to be weak. The downstream manganese alloy market has still fluctuated at high price levels, which continue to provide support for manganese ore prices. As for the week ahead, it is believed that manganese ore prices may just indicate small fluctuations.
$1 = RMB 7.010