The Chinese domestic manganese ore market has continued its decreasing trend during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.31/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.63/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.07/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.98/dmtu.
Demand in the Chinese manganese ore market has remained sluggish in the past week, while prices have softened by relatively large margins. Quotations from overseas miners have remained stable compared to the previous month though, following the decreases in their quotations in previous months, shipments of lower-priced ore have been reaching Chinese ports, contributing to lower costs of manganese ore inventories in China. Meanwhile, downstream manganese alloy prices are still characterized by softness. It is believed that Chinese domestic manganese ore prices will continue their declining trend in the coming week.