Chinese domestic manganese ore prices have continued their 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 market has remained sluggish in the past week, while prices have moved sideways again. Downstream manganese alloy prices are still characterized by a weak tendency, but the support for manganese ore prices from the cost side is still sufficiently strong, leading most traders to keep their quoted prices stable. As for the week ahead, it is believed that manganese ore prices may follow a mostly stable trend.
$1 = RMB 7.188