Chinese domestic manganese ore prices have showed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.46/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.97/dmtu (RMB 35.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.25/dmtu (RMB 37.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.34/dmtu (RMB 31 /dmtu).
Overall trading activity and demand in the domestic manganese ore market have been at normal levels. Certain traders have been willing to offer discounts in order to close more deals, while some minor decrease has been seen in supply volumes. Just minor fluctuations have been observed in prices in the manganese alloy market. As for the week ahead, as foreign manganese ore producers have slightly reduced prices for certain ore grades, it is believed that manganese ore prices may move sideways or down slightly.
$1 = RMB 7.141