Chinese domestic manganese ore prices have indicated a slightly soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.14/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.50/mtu (RMB 44.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.14/dmtu (RMB 42/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.70/dmtu (RMB 39/dmtu).
Overall trading activity in the Chinese manganese ore market has been weak during the past seven days, while declines in downstream manganese alloy prices have also contributed to the downticks seen in manganese ore prices. Meanwhile, foreign manganese ore producers have reduced their quoted prices a little, which has also exerted downward pressure on domestic traders’ manganese ore prices. As for the week ahead, it is believed that manganese ore prices may just fluctuate by small margins.
$1 = RMB 6.843
