Chinese domestic manganese ore prices have followed a mostly stable trend during the past week, though with some slight upticks also seen for certain grades. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.61/dmtu (RMB 42/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.13/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.98/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.74/dmtu (RMB 36.5/dmtu). ($1 = RMB 6.357)
Overall trading activity in the manganese ore market in China has been weak in the past seven days, since the downstream manganese alloy market has been impacted by production restrictions. However, this has also resulted in a slight rise in alloy market prices, which in turn has provided a certain degree of support for manganese ore prices. Overseas suppliers’ manganese ore quotations have declined slightly. As for the week ahead, considering the weakness of the demand side, it is believed that manganese ore prices may continue a mostly stable trend again.