The Chinese domestic manganese ore market has continued its stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.11/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.27/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.64/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.48/dmtu.
Overall trading activity in the Chinese manganese ore market has remained at low levels in the past week. The explosions at Tianjin port on August 12 have made it more difficult for supplies from northern ports to reach traders and so some traders want to increase their manganese ore quotations slightly. However, they have not increased prices yet due to the weak demand situation. Meanwhile, foreign miners have kept their quotations stable for China. The Chinese domestic manganese ore market is expected to remain mostly stable in the week ahead.