The Chinese domestic manganese ore prices have continued a mostly stable, slightly upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.52/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore with 48 percent Mn content are at $5.73/mtu (RMB 41/dmtu). Also at Tianjin port, quotations for 44-percent-grade Mn ore from Gabon are at $5.45/dmtu (RMB 39/dmtu), while offers of South African lump ore with 38 percent Mn content are at $4.76/dmtu (RMB 34/dmtu).
Chinese manganese ore prices have continued a mostly stable trend during the past week. Overall trading activity has been at a normal level. Downstream alloy prices have shown a small margin of fluctuation, and production volumes have also remained at a normal level, which continues to support manganese ore prices. As for the week ahead, it is believed that manganese ore prices may continue on a mostly stable trend.
$1 = RMB 7.150
