The Chinese domestic manganese ore market price has followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.37/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.69/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.20/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.72/dmtu.
Trading activity in the Chinese manganese ore market has been quite slow during the past week, while most traders have chosen to keep their prices unchanged for now. Manganese ore inventories at Chinese ports are still at high levels against the backdrop of the ongoing slackness of demand for manganese alloys. Some traders have offered discounts for Australian lump ore. It is believed that demand for manganese ore in China will continue to remain weak and that traders may slightly cut their domestic manganese ore prices during the next few weeks.