Chinese domestic manganese ore prices have maintained a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.88-$7.13/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.29/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.32/dmtu, while offers of South African lump ore of 38 percent Mn content are standing at $5.67/dmtu.
Domestic manganese ore prices at Chinese ports have remained stable despite the slight rise in overseas quotations for November shipment. Since the National Day holiday (Oct. 1-7), the overall volume of manganese ore inventory at Chinese ports has risen from 2.4 millon mt to 2.5 million mt, and this has counterbalanced the impact of the increase in foreign quotations. Meanwhile, on the downstream side, domestic manganese alloy prices have also moved sideways during the past week. It is thought that manganese ore prices in China will continue to remain stable in the coming seven days.