The Chinese domestic manganese ore market has moved on a decreasing trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.15/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.47/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.74/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.82/dmtu.
Overseas miners have issued their manganese ore quotations for China, with most of their prices indicating slight decreases of $0.1-0.3/dmtu, negatively influencing domestic manganese ore prices. In addition, overall trading activity in the Chinese domestic manganese ore market is still sluggish, also due to the weakness of downstream manganese alloy prices. As for the coming week, it is expected that domestic manganese ore prices will follow a slight downtrend.