Chinese domestic manganese ore prices have followed a slightly soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $9.68/dmtu (RMB 69/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $9.82/mtu (RMB 70/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $9.54/dmtu (RMB 68/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.52/dmtu (RMB 46.5/dmtu).
Overall trading activity and demand in the domestic manganese ore market have been weak due to the off-season, while most traders have chosen to reduce their prices slightly in order to close more deals. Downstream manganese alloy prices have also followed a slight downtrend. As for the week ahead, since there is still support from the cost side, it is believed that manganese ore prices may just indicate small fluctuations.
$1 = RMB 7.129
