Chinese domestic manganese ore prices have moved sideways or up slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.45/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.96/dmtu (RMB 35.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.31/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.40/dmtu (RMB 31.5 /dmtu).
Overall trading activity in the domestic manganese ore market has improved slightly in the past seven days amid the uptrend of downstream manganese alloy prices. Supply of certain grades has decreased sharply, causing prices to move up. As for the week ahead, amid weak supply, it is believed that manganese ore prices may continue their stable or slightly upward movement.
$1 = RMB 7.157