The Chinese domestic manganese ore market has moved on a stable trend during 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.
Domestic manganese ore prices in China have indicated a strong stable trend in the past week, while overall trading activity in the domestic manganese market has been at normal levels. Both inventory levels and the volume of supply in the market have remained at low levels, preventing manganese ore prices to follow the downward trend of downstream alloy prices. As for the week ahead, it is still believed the sideways movement of the domestic manganese ore quotations will continue.