Chinese domestic manganese ore prices have showed stable or slightly upward movement during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.27/dmtu (RMB 38/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.35/mtu (RMB 38.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.14/dmtu (RMB 37/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.58/dmtu (RMB 33/dmtu).
Overall trading activity in the domestic manganese ore market improved slightly before the Labor Day holiday, causing prices of some manganese ore grades to rebound slightly. Downstream manganese alloy production volumes may decrease and exert some pressure on manganese ore prices. As for the week ahead, it is believed that manganese ore prices will just indicate minor fluctuations.
$1 = RMB 7.201
