The Chinese domestic manganese ore market has remained stable during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.54/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.38/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.81/dmtu.
Overall trading activity in the Chinese domestic manganese ore market, which has long been on the slack side, has improved very slightly in the past week against the backdrop of reductions in electricity supply charges and improvements in output volumes of downstream manganese alloy producers. As for supplies, inventories of manganese ore at Chinese ports are still at high levels. Meanwhile, quotations of overseas miners have remained stable for September delivery. For the coming week, the Chinese domestic manganese ore market is expected to continue its stable trend.