Chinese domestic manganese ore prices have showed a mostly stable trend during the past week, with some prices also rising slightly. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.72/dmtu (RMB 40.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.15/dmtu (RMB 36.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.37/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.52/dmtu (RMB 32 /dmtu).
Overall trading activity in the domestic manganese ore market has been at normal levels in the past week. Overseas manganese ore suppliers have mostly kept their quoted prices stable, thereby providing support for prices in the local Chinese market. Meanwhile, supply volumes have declined due to bad weather at certain foreign ports. Most traders have chosen to keep their prices stable amid high costs. As for the week ahead, considering the support from the cost side, it is believed that manganese ore prices may continue their mostly stable trend.
$1 = RMB 7.082