Chinese domestic manganese ore prices have maintained a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.88/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.17/mtu (RMB 43.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.10/dmtu (RMB 43/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.89/dmtu (RMB 34.5/dmtu).
Overall trading activity in the domestic manganese ore market has remained weak during the past seven days, while prices have moved sideways. While foreign manganese ore suppliers’ quoted prices have showed a slightly weak tendency, the downstream manganese alloy market has indicated stability both in production volumes and prices, providing a certain degree of support for manganese ore prices. As for the week ahead, with the end of the year approaching, it is believed that manganese ore prices may indicate minor fluctuations, with slight downticks possible.
$1 = RMB 7.052