Activity still weak in Chinese manganese ore market

The Chinese domestic manganese ore market has moved on a slight downtrend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.15/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.84/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.00/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.00/dmtu.
 
Overall trading activity in the Chinese manganese ore market is still weak, influenced by the ongoing soft trend of manganese alloy market prices. Supply volumes have increased due to shipments arriving at Chinese ports, and this has contributed to the softness of manganese ore prices. It is thought that supply volumes may decrease in June and that domestic manganese ore prices follow a sideways trend in the coming week.