Latest situation in Chinese manganese ore market

The Chinese domestic manganese ore market has remained on a stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.53/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.69/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.37/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.80/dmtu.
 
Overall trading activity in the Chinese domestic manganese ore market has been at normal levels in the past week. With the dry season coming, electricity supply charges in northern China will increase, affecting output volumes of manganese alloys and so demand for manganese ore is expected to decline. Meanwhile, overseas miners' quotations for manganese ore have mostly remained stable. Inventory levels for certain manganese ores have declined and so some traders are hoping for rebounds in prices. Overall, it is thought that domestic manganese ore prices in China will likely continue their stable trend in the coming week.