The 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 $6.36/dmtu (RMB 41/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.89/dmtu (RMB 38/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.89/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.58/dmtu (RMB 36/dmtu).
Chinese manganese ore prices have moved sideways during the past week. Overall trading activity has been at a very low level due to the restrictions on domestic manganese alloy production. Overseas suppliers’ manganese ore quotations have risen slightly, providing support for manganese ore prices. As for the week ahead, considering the downstream production restrictions, it is believed that manganese ore prices in China may move down slightly.
$1 = RMB 6.450