The Chinese domestic manganese ore market has remained stable 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 at medium levels during the past week. Upticks of $0.03-0.05/dmtu have been seen in quotations of overseas manganese ore miners, though it is believed that the adjustments are mainly due to currency fluctuations. The overseas miners are also watching to see whether the Chinese market will except their slight price increases. So far Chinese traders are mostly maintaining a wait-and-see stance. As for the coming week, it is thought that the Chinese domestic manganese ore market will continue to be characterized by a stable trend