Chinese domestic manganese ore prices have followed a significant uptrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $9.85/dmtu (RMB 70/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $9.85/mtu (RMB 70/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $9.56/dmtu (RMB 68/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.74/dmtu (RMB 55/dmtu).
Overall trading activity in the domestic manganese ore market has increased and is considered to be at normal levels, while prices have risen strongly amid higher downstream manganese alloy prices, increased alloy production volumes, and the ongoing increases in foreign manganese ore producers’ quotations. As for the week ahead, as demand continues to improve and support from foreign manganese ore producers is still strong, it is believed that manganese ore prices in China will continue their upward trend.
$1 = RMB 7.110