The Chinese domestic manganese ore market has continued its stable movement during the past week. 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 $6.41/dmtu.
Approaching the end of the month of May, China's manganese ore market is waiting for the announcement of manganese alloy prices for June. Accordingly, most traders are maintaining a wait-and-see stance. Manganese ore prices are influenced by both negative and positive factors at present, resulting in a stable trend. Some traders believe this sideways trend will continue for at least a further two months. Meanwhile, the trading volume in the market is low. Manganese alloy prices may decline slightly, but overseas quotations of manganese ore will provide support for the domestic manganese ore market. As a result, the market's stable movement is expected to continue in the coming week.