The Chinese domestic manganese ore market has showed an upward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.20/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.05/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.90/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.55/dmtu.
Prices in Chinese manganese ore market price have showed a slightly upward trend during the Mid-Autumn Day holiday. The market is still short of supplies and inventories in ports are quite low. Even though demand is not getting better, traders are willing to increase their prices. Meanwhile, downstream manganese alloy market prices in China are expected to increase next month, which is also expected to support manganese ore prices. As for the week ahead, it is believed that domestic manganese ore prices may continue to increase slightly.