The Chinese domestic manganese ore market has moved on a downward trend in the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.77/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.61/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.69/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.69/dmtu.
Chinese manganese ore market prices have softened in the past week influenced by the decreases in quotation prices from overseas miners. Meanwhile, supply volumes have increased in the given week. The good news is that the downstream manganese alloy market has resumed its sideways movement. As for the coming week, it is believed that manganese ore prices in China may trend down slightly.