Chinese domestic manganese ore prices have indicated a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.50/dmtu (RMB 39/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71/mtu (RMB 40.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.64/dmtu (RMB 40/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.80/dmtu (RMB 34/dmtu).
Overall trading activity in the manganese ore market has remained weak in the past seven days. While downstream manganese alloy prices have indicated a soft trend and demand for manganese ore is still low, most traders have chosen to hold their quoted prices stable for now due to the low inventory levels of manganese ore at ports. Meanwhile, the support from the cost side is still strong. As for the week ahead, it is believed that manganese ore prices may continue a mostly stable trend.
$1 = RMB 7.089
