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 $6.33/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.95/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.95/dmtu (RMB 39/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.57/dmtu (RMB 36.5/dmtu).
Overall trading activity in the manganese ore market in China has increased and is currently at normal levels. Downstream manganese alloy prices have fallen slightly. However, since production restrictions have been eased in certain areas, demand for manganese ore has increased recently, and this has provided the main support for manganese ore prices at Chinese ports. As for the week ahead, considering that both supply and demand are at normal levels, it is believed that manganese ore prices in China may just fluctuate slightly.
$1 = RMB 6.553