China's domestic manganese ore market has maintained its 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 at $5.75/dmtu.
Inventory levels in the Chinese manganese ore market have continued to decline in recent weeks, Meanwhile, the trading volume for South African lump ore is better than for manganese ore of other origins. Traders are still concerned about the weakening of demand for manganese alloys, which may be more significant than recent increases in manganese alloy purchase prices. Although the trading volume in the domestic manganese ore market has been better in recent weeks, sentiment is low among traders and they do not have any strong expectations that prices will increase in the near future, especially as the end of the year is approaching. For the coming week, China's domestic manganese ore market is expected to continue its stable trend.