Chinese domestic manganese ore prices have followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.46/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.07/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.91/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.70/dmtu (RMB 36.5/dmtu). ($1 = RMB 6.428)
Chinese manganese ore prices have followed a stable trend during the past week. Overall trading activity has been at low levels since the downstream manganese alloy market has been characterized by a weak tendency. Meanwhile, electricity supply restrictions in certain areas still influence demand for manganese ore. As for the week ahead, it is believed that manganese ore prices may continue a mostly stable trend.