Chinese domestic manganese ore prices have followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.07/dmtu (RMB 36/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.65/dmtu (RMB 33/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.86/dmtu (RMB 34.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.23/dmtu (RMB 30/dmtu).
Overall trading activity in the domestic manganese ore market has improved slightly but is still weak. Certain traders and downstream users have chosen to increase their stocks for the winter, causing manganese ore prices to resume a stable trend. As for the week ahead, considering demand may slightly increase, it is believed that manganese ore prices may continue their stable trend.
$1 = RMB 7.098