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 $6.50/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.04/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.96/dmtu (RMB 38.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.65/dmtu (RMB 36.5/dmtu). ($1 = RMB 6.461)
Chinese manganese ore prices have followed a stable trend during the past week. Overall trading activity has been at normal levels. Overseas suppliers’ manganese ore quotations have indicated an upward trend due to higher freight charges and still strongly support domestic manganese ore prices. Downstream manganese alloy prices have been fluctuating but the segment’s demand for manganese ore may increase. As for the week ahead, it is believed that manganese ore prices in China may follow a stable trend, with some slight upticks possible.