Chinese domestic manganese ore prices have risen slightly in the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.67/dmtu (RMB 39.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.59/dmtu (RMB 39/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.24/dmtu (RMB 36.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.31/dmtu (RMB 37/dmtu). ($1 = RMB 6.971)
Overall trading activity in the Chinese domestic manganese ore market has increased and is currently at normal levels. Overseas suppliers’ quoted prices have increased, which gives strong support for domestic manganese ore prices. The downstream manganese alloy market has also showed a good performance and alloy producers are mostly worried that ore prices may increase and so their demand for manganese ore has increased. As for the week ahead, considering that costs have increased but that relatively low-priced shipments will arrive at ports soon, it is believed that manganese ore prices in China may edge up slightly.