Chinese domestic manganese ore prices have remained mostly stable during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.11/dmtu (RMB 36.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.76/dmtu (RMB 34/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.97/dmtu (RMB 35.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.34/dmtu (RMB 31/dmtu).
Overall trading activity in the domestic manganese ore market has been slack in the past week. Supply volumes have increased a little lately, which exerts some pressure on manganese ore prices. Downstream manganese alloy prices have edged up by small margins, but, since raw material prices have increased, manganese alloy production volumes may be reduced in the coming period. As for the week ahead, it is believed that manganese ore prices may soften a little due to weak demand.
$1 = RMB 7.141
