The Chinese domestic manganese ore market has again moved on a soft trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $3.44/dmtu at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $3.59/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $2.97/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.13/dmtu.
Trading activity in the local Chinese manganese ore market has continued to slacken in the past seven days. The downstream manganese alloy market has followed a decreasing trend in the given period and some alloy producers have chosen to halt production, thereby reducing the volume of demand for manganese ore. It is believed that manganese ore prices in China will indicate a declining trend in the coming week, due to the influence of slow demand and the recent downward price adjustments of overseas miners.