The Chinese domestic
manganese ore market has witnessed slight decreases in prices of some ore grades in the past week, while other prices have remained stable. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.87-5.95/dmtu at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.87-5.95/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.87/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.06/dmtu.
The minor downticks observed in the past week in some prices in
China's domestic
manganese ore market have been due to the ongoing influence of the recent significant reduction in quotation prices from overseas miners. At the same time, the downstream domestic manganese alloy market in
China continues to be characterized by weakness. It is thought that
China's domestic
manganese ore prices will move on a slight downtrend in the coming week.