The Chinese domestic manganese ore market has indicated further slight decreases in prices during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $10.27/dmtu (RMB 64.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $9.87/dmtu (RMB 62/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $9.79/dmtu (RMB 61.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $9.16/dmtu (RMB 57.5/dmtu).
Trading activity in the Chinese manganese ore market has remained weak in the past seven days, influenced by reduced production of manganese alloys, the prices of which have been following a fluctuating trend. Supply volumes of manganese ore have risen, while traders have been unwilling to purchase and so manganese ore inventories at Chinese ports have increased. As for the coming week, it is believed domestic manganese ore prices may continue to soften slightly.
$1 = RMB 6.28