Chinese domestic manganese ore prices have remained stable or moved down slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.57/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.64/mtu (RMB 40.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.08/dmtu (RMB 36.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.59/dmtu (RMB 33/dmtu).
Overall trading activity in the domestic manganese ore market has improved a little in the past week but is still considered to be weak. Downstream manganese alloy prices have fluctuated with some slight downticks seen, causing some manganese ore prices to soften slightly also. As for the week ahead, it is believed that manganese ore prices will again move sideways or soften slightly.
$1 = RMB 7.184