Chinese domestic manganese ore prices have indicated a mostly stable trend during the past week, with a few slight upticks seen too. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.13/dmtu (RMB 36.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.78/dmtu (RMB 34/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.99/dmtu (RMB 35.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.57/dmtu (RMB 32.5/dmtu).
Since the downstream manganese alloy market has remained weak both in terms of prices and demand, overall trading activity for manganese ore has remained sluggish in the past week, which has in turn caused most manganese ore prices to resume a stable trend after the previous sharp increases. The supply side has maintained its quoted prices at high levels and inventories at ports are at normal levels. As for the week ahead, it is believed that manganese ore prices may continue their mostly stable trend again.
$1 = RMB 7.113