The Chinese domestic manganese ore market has followed a stable trend during the past week, while demand in the market has remained sluggish. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.28/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.53/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.20/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.72/dmtu.
While overseas miners have slightly reduced their manganese ore quotations for China, stocks of ore at China's ports are still quite high and Chinese traders are still selling manganese ore purchased previously. Accordingly, for now, domestic manganese ore prices in China are likely to remain on a stable trend. but will likely soften slightly when previously purchased stocks have been sold off. As for the coming week, the Chinese domestic manganese ore market is expected to remain mostly on a stable trend.