Chinese domestic manganese ore prices have showed a slightly upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.77/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.77/mtu (RMB 41.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.21/dmtu (RMB 37.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.73/dmtu (RMB 34/dmtu).
Overall trading activity in the domestic manganese ore market has improved a little over the past seven days and is considered to be at normal levels, while prices have risen by small margins supported by the upward movement of downstream manganese alloy prices and by the rises seen in futures prices. As for the week ahead, it is believed that manganese ore prices may move sideways or up by small margins.
$1 = RMB 7.193