Chinese domestic manganese ore prices have indicated a slight uptrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.33/dmtu (RMB 41/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.10/dmtu (RMB 39.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.02/dmtu (RMB 39/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.56/dmtu (RMB 36/dmtu). (
Overall trading activity in the manganese ore market in China has increased slightly amid a small rise in downstream manganese alloy prices. Demand volume for manganese ore is better in northern China than in southern China, but the low inventory levels at southern Chinese ports provide support for manganese ore prices. Overseas suppliers’ manganese ore quotations have move up slightly. As for the week ahead, it is believed that manganese ore prices in China may again indicate minor upticks.
$1 = RMB 6.476