Little change observed in Chinese manganese ore market

Tuesday, 02 July 2013 17:59:32 (GMT+3)   |   Shanghai
       

China’s domestic manganese ore market has moved on a stable trend in the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.21-$7.37/dmtu at China’s Tianjin port, while offers with lump ore of 48 percent Mn content are at $7.37/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.73/dmtu, while offers of South African lump ore of 38 percent Mn content stand at $6.09/dmtu.

Australian miner BHP has issued its quotations for Australian manganese lump ore deliveries to China, with its prices stable compared to July delivery prices. Meanwhile, buyers in China are hoping that overseas suppliers’ quotations for South African manganese ore will indicate a decrease. Currently, demand is still slack in the manganese ore spot market in China, while international prices give some degree of support to Chinese domestic market prices. The domestic market is foreseen to maintain its stable trend in the coming week, though prices of South African manganese ore may soften a little amid higher inventory levels.


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