Chinese domestic manganese ore prices have fluctuated by small margins during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.91/dmtu (RMB 42.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.98/mtu (RMB 43/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.28/dmtu (RMB 38/dmtu), while offers of South African lump ore of 38 percent Mn content are at $4.59/dmtu (RMB 33/dmtu).
Overall trading activity in the Chinese manganese ore market has been sluggish, while prices have been supported by the stable trend of foreign manganese ore producers’ quoted prices. The weakness of demand has caused some traders to reduce their quoted prices a little in order to close more deals. As for the week ahead, it is believed that manganese ore prices may continue to indicate minor fluctuations.
$1 = RMB 7.191