The Chinese domestic
manganese ore market has followed a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.23/dmtu at
China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.39/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.74/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.57/dmtu.
Overall trading activity in the Chinese
manganese ore market has remained sluggish in the past seven days, while prices in actual deals have been slightly lower than quoted prices. Meanwhile, prices in the manganese alloy market have been characterized by a soft trend, exerting some downward pressure on the
manganese ore market. It is thought that overseas miners will keep their
manganese ore quotations for
China stable. As for the coming week, the Chinese
manganese ore market is expected to mostly move on a stable trend, with some slight downticks also possible.