The Chinese domestic manganese ore market has mostly moved on a stable trend during the past week, though with slight downticks also seen in some prices. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.75/dmtu (RMB 58/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.30/dmtu (RMB 55/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.30/dmtu (RMB 55/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.09/dmtu (RMB 47/dmtu).
Overall trading activity in the Chinese manganese ore market has been at normal levels in the past week, while the soft trend of the downstream manganese alloy market has contributed to some downticks in prices in the manganese ore market. At the same time, overseas suppliers have kept their ore prices for China stable, thereby providing support for the stability of domestic manganese ore prices. As for the coming week, it is believed that manganese ore prices in China may move sideways.
$1 = RMB 6.63