The manganese ore market in China has seen improved activity in the past week, while prices have moved up slightly. The mainstream quotations of Australian lump ore with 44 percent Mn content currently stand at $6.35-6.50/dmtu at China's Tianjin port, while offers of South African origin lump ore of 44 percent Mn content are at $6.50-6.67/dmtu. Also at Tianjin port, quotations for 38 percent grade Mn ore from Australia are in the range of $5.79-5.95/dmtu, while offers of South African lump ore of 38 percent Mn content are at $6.03/dmtu.
The manganese ore market in China has continued to witness a rebound in trading volume in the past week, while prices of manganese ore have moved up slightly. Meanwhile, activity in the downstream manganese alloy market has remained relatively slack. The trading volume for manganese ore at northern ports is still higher than at southern ports, while traders have reported that spot inventories of manganese ore are on the scarce side. In this general context, the manganese ore market in China still has room for further upward movement.