Chinese domestic manganese ore prices have indicated a stable or slightly soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.00/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.21/mtu (RMB 43.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.14/dmtu (RMB 43/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.14/dmtu (RMB 36/dmtu).
Overall trading activity in the domestic manganese ore market in China has been sluggish in the past week, leading some traders to reduce their quoted prices by small margins, while others have kept their prices stable. Meanwhile, the downstream manganese alloy market has fluctuated a little, with some slight downticks seen, which has exerted some pressure on manganese ore prices. As for the week ahead, it is believed that manganese ore prices may see some minor fluctuations.
$1 = RMB 7.001