The Chinese domestic manganese ore market has continued to follow a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.54/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.38/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.81/dmtu.
Transaction activity in the Chinese domestic manganese ore market has remained slack in the past week, while the demand volume from downstream manganese alloy producers has been low. Overseas miners' manganese ore quotations for September have remained stable. Last weekend, trading of silicomanganese futures started at Zhengzhou Commodity Exchange (CZCE), but this has not influenced domestic manganese ore market prices yet.
For the coming week, the domestic manganese ore market is expected to remain on its stable trend.