Chinese domestic manganese ore prices are either unchanged or up slightly compared to prices one week earlier. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.63/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.84/mtu (RMB 41.5/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 $4.79/dmtu (RMB 34/dmtu).
In the past week, Chinese manganese ore prices first declined and then rebounded, with prices now at the same levels or slightly higher compared to one week earlier. Overall trading activity has improved a little and is considered to be at normal levels, since downstream manganese alloy production has recovered slightly. Foreign suppliers’ quoted prices have also provided some support for manganese ore prices. As for the week ahead, it is believed that manganese ore prices may move sideways or up slightly again, as demand shows some improvement.
$1 = RMB 7.101
