The Chinese domestic
manganese ore market has remained on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.54/dmtu at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from
Gabon are at $5.38/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.81/dmtu.
The trend in the Chinese domestic
manganese ore market did not indicate the predicted slight rebound in the past week, mainly due to the decrease in manganese alloy quotations, which caused alloy producers to be less enthusiastic about increasing their production volumes. With the decrease in alloy quotations,
manganese ore traders have preferred to maintain a wait-and-see stance for now. The overall trading volume for
manganese ore has not shown any improvement, while a shortage of ore still exists at southern ports. However, supply volumes from foreign mills are expected to increase soon and fill any gaps in supplies. As for the coming week, the Chinese
manganese ore market is expected to continue its stable trend.