Chinese domestic manganese ore prices have followed a mostly stable trend during the past week, with some slight increases also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.05/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.26/mtu (RMB 43.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.20/dmtu (RMB 43/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.33/dmtu (RMB 37/dmtu).
Overall trading activity in the manganese ore market in China has been at very low levels over the New Year holiday period. The downstream manganese alloy market has also followed a mostly stable trend, while, with the holiday period now over, demand for manganese ore may see a recovery during the coming week. As for the week ahead, it is believed that manganese ore prices may move sideways or up slightly.
$1 = RMB 6.941
