China's domestic manganese ore market has mostly followed a stable trend during the past week, though the price of South African lump ore has softened slightly. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.21-$7.37/dmtu at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.37/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are in the range of $6.73/dmtu, while offers of South African lump ore of 38 percent Mn content are at $6.29/dmtu.
While
China's manganese ore market has mostly been stable during the past week, prices of South African lump ore have softened slightly due to increased shipments arriving at ports and higher inventory levels. Domestic manganese alloy prices have moved up slightly but this has had a limited influence on the manganese ore market. Demand for manganese ore has not improved and alloy mills still need to calculate costs before they decide to increase their production volumes. Confidence levels in the market are still low. For the moment, it appears difficult for
China's manganese ore market to register upward movement.