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 $6.79/dmtu (RMB 47/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.08/mtu (RMB 49/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.87/dmtu (RMB 47.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.36/dmtu (RMB 44/dmtu).
Overall trading activity in the domestic manganese ore market has been at normal levels over the past week. Overseas manganese ore producers have kept their quoted prices at high levels, which continues to support domestic manganese ore prices. However, downstream manganese alloy production volumes have lately declined, exerting downward pressure on manganese ore prices. As for the week ahead, it is believed that manganese ore prices may fluctuate by small margins at high levels.
$1 = RMB 6.919
