The Chinese domestic
manganese ore market has resumed its stable movement during the past week, following the downtrend recorded in the previous week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.37/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 $5.20/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.72/dmtu.
Trading activity is still generally sluggish in the Chinese domestic
manganese ore market, though demand in northern
China is somewhat better than in the south of the country. Overseas miners'
manganese ore quotations for
China for January delivery are unchanged compared to their quotations for December delivery. Meanwhile, since manganese alloy producers in southern
China have reduced their production volumes because of higher electricity charges,
manganese ore traders in southern
China are seeking to sell stocks in the north. As for the coming week, it is believed that the Chinese domestic
manganese ore market will continue its stable trend.