Chinese domestic manganese ore prices have mostly continued a slight upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.53/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.74/mtu (RMB 41/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.53/dmtu (RMB 39.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.83/dmtu (RMB 34.5/dmtu).
Overall trading activity in the Chinese manganese ore market has been at normal levels, while prices have mainly risen slightly amid upticks in futures and spot prices of manganese alloys. Foreign manganese ore producers’ quoted prices have increased by small margins, also supporting manganese ore prices. As for the week ahead, it is believed that manganese ore prices may follow a mostly stable trend.
$1 = RMB 7.146