Chinese domestic manganese ore prices have rebounded slightly during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.63/dmtu (RMB 40/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.42/dmtu (RMB 38.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.28/dmtu (RMB 37.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.28/dmtu (RMB 37.5/dmtu).
Overall trading activity in the Chinese manganese ore market has increased in the past seven days and is currently at normal levels. With the coronavirus having an increasingly serious impact abroad, domestic traders are mostly worried about the supply side and that import shipments may be influenced by the export policy of each country. However, so far the market has not heard of any new policies from governments which will influence foreign suppliers. Downstream manganese alloy market prices have risen slightly due to improved demand. As for the week ahead, since the coronavirus may contribute to uncertainty regarding supplies from abroad, it is believed that manganese ore prices in China may follow a slight uptrend.
$1 = RMB 7.100