Chinese domestic manganese ore prices have indicated a stable trend during the past week.
The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.57/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.78/mtu (RMB 41/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.64/dmtu (RMB 40/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.79/dmtu (RMB 34/dmtu).
Overall trading activity in the domestic manganese ore market in China has been at normal levels in the past seven days, while most traders have kept their prices stable as there is still sufficient support from downstream manganese alloy prices, which have just indicated minor fluctuations in the past week. As for the week ahead, it is believed that manganese ore prices may indicate small fluctuations.
$1 = RMB 7.093