Chinese domestic manganese ore prices have fluctuated by small margins during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.87/dmtu (RMB 41.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.94/mtu (RMB 42/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.52/dmtu (RMB 39/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.60/dmtu (RMB 32.5/dmtu).
Overall trading activity in the domestic manganese ore market has sluggish since the holiday period. Foreign manganese ore producers have slightly reduced their prices and most domestic traders are holding a wait-and-see stance for now. The downstream manganese alloy market has followed a fluctuating trend. As for the week ahead, although positive macroeconomic measures have been taken, the influence on the manganese ore market is quite limited, and so it is believed that manganese ore prices may soften slightly.
$1 = RMB 7.071