The Chinese domestic
manganese ore market has mostly moved on a stable trend during the past week, though with slight downticks seen in some prices. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $7.84/dmtu (RMB 54/dmtu) at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $7.40/dmtu (RMB 51/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $7.40/dmtu (RMB 51/dmtu), while offers of South African lump ore of 38 percent Mn content are at $6.39dmtu (RMB 44/dmtu). ($1 = RMB 6.89)
Overall trading activity in the Chinese
manganese ore market has remained at low levels in the past week. Downstream manganese alloy market prices have been fluctuating on a downward trend. Meanwhile,
manganese ore inventory levels at Chinese ports are still on the high side and demand appears unlikely to improve, with negative sentiment prevailing among traders in the market. As for the coming week, it is expected that
manganese ore prices in the Chinese market will just indicate minor fluctuations.