The Chinese domestic manganese ore market has continued to move on a stable trend at relatively high price levels during the past week.
The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $10.49/dmtu (RMB 71/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $10.04/dmtu (RMB 68/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $9.31/dmtu (RMB 63/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.68/dmtu (RMB 52/dmtu). ($1 = RMB 6.77)
Trading activity in the Chinese manganese ore market has been slack during the past seven days. Large downstream users are showing reluctance to give good prices for manganese ore, which will likely eventually have a negative impact on prices of ore and result in reduced manganese ore supply. It is thought that manganese ore prices in China will move sideways in the coming week.