The Chinese domestic
manganese ore market has mostly seen a slight increase in prices during the past week, though some prices have remained unchanged. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.26/dmtu (RMB 43/dmtu) at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.97/dmtu (RMB 41/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.53/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.09/dmtu (RMB 35/dmtu). ($1 = RMB 6.87)
Downstream manganese alloy prices in
China have moved on an upward trend in the past week, boosting trading activity for
manganese ore, which is now at medium levels. In addition, pressure from costs has also provided support for domestic
manganese ore prices in the week in question. It is believed that
manganese ore prices in
China may trend sideways in the coming week.