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 $5.50/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71/mtu (RMB 40.5/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 $4.80/dmtu (RMB 34/dmtu).
Overall trading activity in the domestic manganese ore market has remained slack during the past week, while prices have been supported by slight upticks observed in overseas suppliers’ quoted prices, despite some weakness seen in the downstream manganese alloy market. As for the week ahead, with the support from the cost side, it is believed that manganese ore prices may mostly move sideways, with some slight upticks also possible.
$1 = RMB 7.087
