Chinese domestic manganese ore prices have continued a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.49/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.02/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.95/dmtu (RMB 38.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.64/dmtu (RMB 36.5/dmtu).
Overall trading activity in China’s manganese ore market has been weak due to production restrictions being implemented in the downstream manganese alloy segment. Overseas suppliers’ manganese ore quotations have increased slightly, providing strong support for manganese ore prices. As for the week ahead, considering the support from the cost side and the weakness of demand, it is believed that manganese ore prices may indicate minor fluctuations.
$1 = RMB 6.476
