The Chinese domestic manganese ore market has moved on a downward trend in the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.92/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.69/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.84/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.84/dmtu.
Overall trading activity in the Chinese manganese ore market has remained slack during the past week, influenced by the soft trend of downstream manganese alloy market prices. The manganese ore market is still waiting for overseas miners to announce their quotations for July. It is generally expected that the manganese ore market in China will indicate a slight downtrend in the week ahead.