Chinese domestic manganese ore prices have indicated a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.65/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.44/dmtu (RMB 38/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.22/dmtu (RMB 36.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.36/dmtu (RMB 37.5/dmtu).
Overall trading activity in the Chinese domestic manganese ore market has been at normal levels in the past week. Downstream manganese alloy prices have just indicated minor fluctuations. Many traders in the manganese ore market have been maintaining a wait-and-see stance. As for the week ahead, it is believed that manganese ore prices may follow a mostly stable trend, with slight fluctuations possible for certain products.
$1 = RMB 6.990