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 $5.44/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.95/dmtu (RMB 35.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.37/dmtu (RMB 38.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.46/dmtu (RMB 32 /dmtu).
Overall trading activity in the domestic manganese ore market has been at normal levels in the past seven days. Downstream manganese alloy market prices have followed a mostly stable trend with some upticks also seen and demand for manganese ore has remained at normal levels. Ore supply volumes as well as inventories at ports have risen slightly, though sentiment among traders is mostly positive as the Chinese National Day Holiday is approaching. As for the week ahead, it is believed that manganese ore prices may follow a stable trend, with slight increases also possible.
$1 = RMB 7.173
