Improved demand in Chinese manganese ore market

The Chinese domestic manganese ore market has moved on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.23/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.39/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.74/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.66/dmtu.
 
Improved demand and reductions in inventories have provided support for the stable movment of the Chinese manganese ore market in the past week, following the softer price trend seen in the previous period. However, traders are still somewhat pessimistic given the weakness seen in prices and demand in the manganese alloy market, Meanwhile, manganese alloy and manganese ore quotations for the coming month are not expected to indicate significant decreases. For the coming week, the Chinese domestic manganese ore market is expected to maintain its stable trend.