Chinese domestic manganese ore prices have followed an upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.15/dmtu (RMB 42.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.37/mtu (RMB 44/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.30/dmtu (RMB 43.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.57/dmtu (RMB 38.5/dmtu).
Overall trading activity in the manganese ore market in China has improved after the New Year holiday and is now considered to be at normal levels. The downstream manganese alloy market has followed an upward trend, providing support for the upward movement of manganese ore prices. Meanwhile, foreign manganese ore producers’ quoted prices have also increased, providing additional support for manganese ore prices. As for the week ahead, it is believed that manganese ore prices may move up slightly.
$1 = RMB 6.909