China's domestic manganese ore market has remained stable over the past two weeks. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.21-$7.37/dmtu at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.37/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are in the range of $6.73/dmtu, while offers of South African lump ore of 38 percent Mn content are at $6.41/dmtu.
Activity in the local Chinese manganese ore market has been relatively quiet in the past week. Meanwhile, manganese alloy quotations for May have indicated a decline. There has been be no positive news to spark a recovery in the Chinese manganese ore market, while it is thought that the stable trend in the market will continue in the coming days. Nevertheless, overall manganese ore inventory levels at Chinese ports have increased to 102,000 metric tons following recent arrivals. Amid ongoing weakness of demand, this increased inventory may eventually lead to slight declines in the domestic manganese ore market.