The Chinese domestic manganese ore market have indicated a downward trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.61/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.45/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.45/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.30/dmtu.
While the Chinese domestic manganese ore market has moved down during the past week, some small differences may be seen between quotations and deal prices. Supply volumes at Chinese ports are down slightly. Since the downstream manganese alloy market is still characterized by a soft trend, the slack demand situation for manganese ore is unlikely to improve. With the influence of decreases in quotations from overseas miners, domestic manganese ore prices may move down further during the week ahead.