The Chinese domestic manganese ore market has continued to follow a 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.
Overall trading activity in the Chinese domestic manganese ore market has remained sluggish during the past seven days. Inventories of South African lump ore are still at very high levels, while in general shipments of manganese ore have continued to arrive at Chinese ports, putting pressure on prices. Traders are trying to keep their prices stable but are under pressure from increased supplies. As for the coming week, the trend of the Chinese domestic manganese ore market is expected to be mostly stable, though some slight decreases may also be seen.