Chinese manganese ore market moves sideways

The Chinese domestic manganese ore market has followed a stable trend in 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.
 
While overall trading activity in the domestic manganese ore market has increased slightly in the past week, it is still at low levels, also due to the influence of low supply volumes. Demand in the downstream manganese alloy market is not as good as expected, but is nevertheless at normal levels. As for the coming week, it is believed the stable trend in the domestic manganese ore market may continue.