Chinese domestic manganese ore prices have indicated minor fluctuations during the past week, with small price declines seen for some grades. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.79/dmtu (RMB 41/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.93/mtu (RMB 42/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.22/dmtu (RMB 37/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.66/dmtu (RMB 33/dmtu).
Overall trading activity in the domestic manganese ore market has remained slack in the past week, while minor decreases in foreign manganese ore producers’ quoted prices and weak demand have caused some slight decreases in market prices of some ore grades. Meanwhile, recent increases in inventories at ports have exerted some downward pressure on manganese ore prices. As for the week ahead, it is believed that domestic manganese ore prices may again indicate small fluctuations.
$1 = RMB 7.083