The Chinese domestic manganese ore market has moved on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.53/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.69/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.37/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.80/dmtu.
Trading activity in the Chinese domestic manganese ore market has remained sluggish and has even slackened further over the past week. Downstream manganese alloy quotations have softened again, resulting in reduced alloy production and lower demand for manganese ore. Certain manganese alloy producers have chosen to reduce or even halt production due to their low profit margins. Accordingly, although overseas manganese ore quotations have risen slightly during recent weeks, due to the ongoing slackness of downstream demand, China's manganese ore market is expected to remain on its stable trend during the coming period.