Chinese domestic manganese ore prices have showed a slight upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.74/dmtu (RMB 41/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.95/mtu (RMB 42.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.67/dmtu (RMB 40.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.90/dmtu (RMB 35/dmtu).
Overall trading activity in the domestic manganese market has increased and is considered to be at normal levels, while prices have been supported by increased manganese alloy production and the improved demand for manganese ore. As for the week ahead, it is believed that manganese ore prices may move sideways or increase by small margins.
$1 = RMB 7.142