Chinese domestic manganese ore prices have continued their decreasing trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.45/dmtu (RMB 46/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.59/mtu (RMB 47/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.45/dmtu (RMB 46/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.77/dmtu (RMB 34/dmtu).
Overall trading activity in the domestic manganese market has remained at a low level, while prices have continued to fall amid slight decreases in prices of manganese alloys and in foreign manganese ore producers’ quoted prices. Most traders have chosen to slightly reduce their prices in order to close more deals. As for the week ahead, it is believed that manganese ore prices may move down by small margins.
$1 = RMB 7.133