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 $5.46/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.23/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.62/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.16/dmtu.
Overall demand in the Chinese manganese ore market has been slack in the past week, also under the influence of the soft price trend in the downstream manganese alloy market. Manganese ore inventory levels at Chinese ports have increased slightly, though this has not yet impacted ore prices. It is believed that there is still some room, albeit limited, for further decreases in manganese ore prices. It is thought that Chinese manganese ore market prices may follow a stable trend in the coming week, though slight downticks are also possible.