The Chinese domestic manganese ore market has mostly moved on a stable trend during the past week, though with slight upticks observed in prices of certain products. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $3.12/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $3.12/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $2.81/dmtu, while offers of South African lump ore of 38 percent Mn content are at $2.81/dmtu.
Inventories are on the low side in the Chinese manganese ore market, while trading activity is at good levels, having improved during the past week. Downstream manganese alloy market prices have trended upward, boosting the confidence of traders in the manganese ore market. Overseas miners’ quotations for manganese ore have increased slightly this month compared to last month. As for the coming week, despite the approach of the Chinese New Year holiday (February 8-14), manganese ore prices in China may indicate minor upticks.