The Chinese domestic manganese ore market has followed a slight downtrend during the past seven days. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.55/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.04/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $4.31/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.23/dmtu.
Traders have continued to slightly reduce their prices in the local Chinese manganese ore market, though overall trading activity has remained slack. Amid the soft price trend, downstream buyers are maintaining a wait-and-see stance, also considering the decreasing trend in the manganese alloy market. Manganese ore supply volumes continue to increase, resulting in low confidence regarding the future prospects for the manganese ore market. As for the coming week, it is believed that the slight downtrend in market prices will likely continue.