The Chinese domestic manganese ore market has kept a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.97/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.82/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.67/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.16/dmtu.
During the past week, prices in the local Chinese manganese ore market have showed a stable trend. Meanwhile, prices in the downstream alloy market have moved downwards, while demand has increased slightly. But the overall inventory level of manganese ore in ports are still low and so overall trade volume is remaining at low levels. As for the coming week, it is believed that manganese ore market in China will continue its stable trend.