The Chinese domestic
manganese ore market has mostly moved on a stable trend in the past week, though with some slight upticks in prices also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.13/dmtu (RMB 56/dmtu) at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.69/dmtu (RMB 53/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.98/dmtu (RMB 55/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.68dmtu (RMB 46/dmtu). ($1 = RMB 6.89)
Overall trading activity in the local Chinese
manganese ore market has been at low levels in the past week. Overseas
manganese ore quotations have generally been stable, while there has not been much change in terms of price and demand in the downstream domestic manganese alloy market. It is believed that domestic
manganese ore prices will generally remain stable in the week ahead.