The Chinese domestic manganese ore market has mostly followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.86/dmtu (RMB 60/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.42/dmtu (RMB 57/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.56/dmtu (RMB 58/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.98/dmtu (RMB 54/dmtu).
Overall trading activity in the Chinese manganese ore market has been at low levels in the past seven days since most downstream buyers have not returned from their holiday yet and as most producers’ manganese ore inventories are at high levels. Overseas suppliers’ manganese ore quotations have lately increased, boosting sentiment in the domestic manganese ore market. As for the week ahead, it is believed that manganese ore prices may increase slightly as demand is expected to indicate a gradual improvement.