The Chinese domestic manganese ore market has showed a stable trend during past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $8.72/dmtu (RMB 60/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $8.58/dmtu (RMB 59/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $8.35/dmtu (RMB 57.5/dmtu), while offers of South African lump ore of 38 percent Mn content are at $7.99/dmtu (RMB 55/dmtu).
Over the past week, the overall trading activity in the local Chinese manganese ore market has remained at normal level since downstream users still had sufficient inventory levels. Downstream alloy market prices have showed a slightly increase trend, providing strong support to manganese ore price. However, due to the weak demand, most traders have maintained their prices. As for the week ahead, it is thought that domestic manganese ore prices in China will show a mostly stable trend, though slightly increases are also possible if demand improves.