The Chinese manganese ore market has seen a slight downward movement in the past week. The mainstream quotations of Australian lump ore with 44 percent Mn content currently stand at $6.35-6.5/dmtu at China's Tianjin port, while offers of South African origin lump ore of 44 percent Mn content are at $6.35/dmtu. Also at Tianjin port, quotations for 38 percent grade Mn ore from Australia are in the range of $6.03/dmtu, while offers of South African lump ore of 38 percent Mn content are at $6.05/dmtu.
The downward movement in China's manganese ore market has been restricted in the past week due to the support of overseas quotations. Meanwhile, the downstream manganese alloy market has continued to see slack demand. Most alloy producers are not optimistic on the future prospects for the market and are limiting their purchases. Observers believe that the domestic manganese ore market will maintain its downward trend in the coming week, while inventories may increase gradually. However, overseas quotations of manganese ore will continue to offer some support.