Chinese domestic manganese ore prices have moved sideways or up slightly during the past week. 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 $6.19/dmtu (RMB 43/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.25/dmtu (RMB 36.5/dmtu).
Overall trading activity in the domestic manganese ore market in China has been weak in the past seven days due to the proximity of the Chinese New Year holiday. Downstream manganese alloy prices have followed a mostly stable trend. However, since foreign manganese ore prices have lately increased by small margins, some traders in the domestic market have also raised their prices by slight margins. As for the week ahead, it is believed that manganese ore prices will indicate a stable trend amid the start of the holiday period.
$1 = RMB 6.946
