The Chinese domestic manganese ore market maintained a stable trend during past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.76/dmtu (RMB 58/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.31/dmtu (RMB 55/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.76/dmtu (RMB 58/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.10dmtu (RMB 47/dmtu).
Overall trading activity in the Chinese manganese ore market was at normal levels, with inventory level at ports being low. Downstream alloy market showed a fluctuating trend with declines. It is believed that manganese ore prices in the Chinese market will follow a mostly stable trend in the coming week.
$1 = RMB 6.61