Chinese domestic manganese ore prices have moved either sideways or down slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $9.11/dmtu (RMB 61/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.74/dmtu (RMB 58.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.52/dmtu (RMB 57/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.42/dmtu (RMB 43/dmtu).
Overall trading activity in the domestic manganese ore market has been weak since downstream manganese alloy prices have fallen further, which has negatively impact manganese alloy outputs. Manganese ore supply has increased during the past week, exerting pressure on manganese ore prices, while supply may increase further. as for the week ahead, it is believed that manganese ore prices may move on a soft trend.
$1 = RMB 6.693
