Spot market prices of manganese ore at Chinese ports have remained on a stable trend in the past week. The mainstream quotations of Australian lump ore with 44 percent Mn content currently stand at $6.66-6.78/dmtu at
China's Tianjin port, while offers of South African origin lump ore of 44 percent Mn content are at $6.56-6.71/dmtu. Also at Tianjin port, quotations for 38 percent grade Mn ore from Australia are in the range of $6.26-6.50/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.96-6.22/dmtu.
In the past week, the trading volume of manganese ore at
China's northern ports has been better than that at the country's southern ports. Meanwhile, slackness of demand for manganese
alloys in
China has negatively influenced domestic demand for manganese ore. Demand for manganese ore at Tianjin port has mainly been focused on Mn35Fe20 material, but prices of this material have remained unchanged because inventory levels are still high and as traders have been selling stocks in order to bring in cash. Overall, with the influence of weak demand, the Chinese manganese ore market is unlikely to see an upward price trend in the short term.