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 $5.88/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.32/mtu (RMB 43/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.95/dmtu (RMB 40.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.44/dmtu (RMB 37/dmtu).
Overall trading activity in the Chinese manganese ore market has been weak during the past seven days, though support from foreign manganese ore producers’ quoted prices is still strong, which has led most traders in the local market to keep their quoted prices stable. As for the week ahead, considering the off-season but also the support from the cost side, it is believed that manganese ore prices may continue to follow a mostly stable trend.
