The Chinese domestic manganese ore market has fluctuated on a slightly soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.45/dmtu (RMB 56/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.14/dmtu (RMB 54/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.14/dmtu (RMB 54/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.94dmtu (RMB 46/dmtu). ($1 = RMB 6.63)
Overall trading activity in the Chinese manganese ore market has been sluggish during the past week, influenced by the reductions in downstream manganese alloy prices. Although overseas miners’ quotations have increased slightly, traders are concerned that restrictions on production volumes of manganese alloys may cause demand for manganese ore to decrease. As for the coming week, it is believed that manganese ore prices in China may indicate a stable trend, with some slight downticks also possible.