The Chinese domestic manganese ore market has mostly indicated a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.23/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.39/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.74/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.57/dmtu.
Most traders in the local Chinese manganese ore market have kept their prices stable in the past seven days, with just slight downticks seen for prices of South African lump ore. Overall trading activity is still sluggish, having slackened further. Meanwhile, overseas miners have released their quotations for July, keeping their prices stable, while this is expected to provide support for the stability of prices in the domestic manganese ore market. As for the coming week, the Chinese manganese ore market is expected to move on a sideways trend.