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 $5.77/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.77/mtu (RMB 41.5/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 $4.66/dmtu (RMB 33.5/dmtu).
Overall trading activity in the domestic manganese ore market has weakened, while prices have moved sideways supported by the stable manganese ore quotations from foreign suppliers. The weak trend of the manganese alloy market has caused demand for manganese ore to slacken. As for the week ahead, it is believed that manganese ore prices may move sideways, with slight downticks also possible ahead of the year-end.
$1 = RMB 7.188
