The Chinese domestic manganese ore market has remained on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.97/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.82/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.67/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.16/dmtu.
Low supply volumes have provided support for the stable movement of the Chinese manganese ore market in the past seven days. Overall trading activity has improved slightly but is still on the slack side. There has also been some improvement in shipments of manganese ore arriving at Chinese ports, but these are still limited. Meanwhile, the downstream manganese alloy market has been characterized by a fluctuating trend in the past week. As for the coming week, it is believed that the manganese ore market in China will mostly continue its stable trend.