The Chinese domestic manganese ore market has been following a stable trend. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $9.68/dmtu (RMB 67/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $9.25/dmtu (RMB 64/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $9.10/dmtu (RMB 63/dmtu), while offers of South African lump ore of 38 percent Mn content are at $8.31/dmtu (RMB 57.5/dmtu).
Chinese manganese ore prices are unchanged compared to prices before the National Day holiday, while overall trading activity has remained at normal levels. Downstream manganese alloy prices have mainly remained stable. As for the week ahead, manganese ore supply volumes will increase, which may put some pressure on prices. However, considering that costs are still at high levels, it is believed that manganese ore prices in China may continue a mostly stable trend in the coming week.
