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 $5.71/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71-5.79/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.79/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.89/dmtu.
Manganese ore inventory at Chinese ports is at high levels. Overseas suppliers BHP Billiton and Comilog recently announced unchanged manganese ore quotations, while domestic manganese ore traders in China have also kept their prices stable but are willing to negotiate on their prices in order to conclude transactions. Meanwhile, the tightness of liquidity in the downstream manganese alloy market means that demand for manganese ore has remained limited. In the coming period, both the domestic manganese ore market and the manganese alloy market in China are expected to move on a sideways trend.