Chinese domestic manganese ore prices have moved sideways or down slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.56/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.77/mtu (RMB 41/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.63/dmtu (RMB 40/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.78/dmtu (RMB 34/dmtu).
Overall trading activity in the manganese ore market in China has been sluggish during the past week amid low downstream manganese alloy production volumes. Some traders have slightly reduced their quoted prices in order to close more deals, but downstream buyers have mostly maintained a wait-and-see stance. As for the week ahead, it is believed that manganese ore prices may just indicate small fluctuations.
$1 = RMB 7.102
