China's domestic manganese ore market has mostly followed a stable trend during the past week, though with some downticks also seen. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.05-$7.13/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.29/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.40/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.75/dmtu.
Influenced by decreases in manganese ore quotations of foreign miners, signs of weakness have started to be observed in prices in the Chinese domestic market, though the market has still mostly followed a stable trend so far. In particular, the price of manganese ore from Gabon has softened. Australian miner BHP Billiton has released its quotations for September, with the price of lump ore of 46 percent Mn content now at $5.5/dmtu CIF, down $0.45/dmtu, and the price of lump ore of 48 percent Mn content decreasing by $0.35/dmtu to $5.3/dmtu CIF. In this context, China's domestic manganese ore market will probably follow a soft trend in the coming period.