Chinese domestic manganese ore prices have moved up slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.52/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.66/mtu (RMB 40.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.38/dmtu (RMB 38.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.75/dmtu (RMB 34/dmtu).
Overall trading activity has increased during the past seven days, but is still considered to be weak, while prices have edged up supported by upticks in downstream manganese alloy prices. Meanwhile, foreign manganese ore producers have increased their quotations a little, which also provides some support for manganese ore prices. As for the week ahead, it is believed that manganese ore prices may just indicate minor fluctuations.
$1 = RMB 7.153
