Chinese domestic manganese ore prices have showed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.09/dmtu (RMB 36.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.74/dmtu (RMB 34/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.95/dmtu (RMB 35.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.32/dmtu (RMB 31/dmtu).
Overall trading activity in the domestic manganese ore market has slackened a little and is considered to be weak, mostly because the downstream manganese alloy market has softened slightly, causing demand for manganese ore to decrease. Supply of manganese ore has remained at normal levels and market inventories at ports have increased a little lately. As for the week ahead, considering the off-season and the weakness of demand, it is thought that manganese ore prices will remain stable or move down slightly.
$1 = RMB 7.178
