The Chinese domestic manganese ore market has continued its stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.53/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 $5.37/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.80/dmtu.
In the past week, Chinese manganese alloy producers have increased their production, resulting in a slight improvement in overall trading activity for manganese ore in the domestic market. However, since overseas miners' quotations for manganese ore have remained stable and given the decreasing trend in the manganese alloy market, sentiment in the domestic manganese ore market is still negative. Traders continue to keep their prices stable, though they have also been offering slight discounts for certain ores. As for the week ahead, it is believed that the domestic manganese ore market will continue its sideways movement.