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 $6.04/dmtu (RMB 43.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.49/dmtu (RMB 39.5/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.56/dmtu (RMB 40/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.79/dmtu (RMB 34.5/dmtu).
Overall trading activity in the domestic manganese ore market has improved slightly and is considered to be at normal levels, supported by the upward trend in the downstream manganese alloy market. Overseas manganese ore producers’ quoted prices have indicated a small increase, providing support for domestic manganese ore prices. Meanwhile, the supply volumes and inventory levels at ports have declined during the past week. As for the week ahead, considering the support from the cost side, it is believed that manganese ore prices may move up by a small margin.
$1 = RMB 7.199