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 $5.43/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.87/dmtu (RMB 35/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.29/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.38/dmtu (RMB 31.5 /dmtu).
Overall trading activity in the domestic manganese ore market has been sluggish. The downstream manganese alloy market has trended down slightly reduce, exerting pressure on manganese ore prices. Most traders have been willing to offer certain discounts in order to close more deals. Foreign manganese ore suppliers have mostly kept their prices stable, which provides strong support for manganese ore prices. As for the week ahead, it is believed that domestic manganese ore prices may remain mostly stable.
$1 = RMB 7.185