Latest situation in Chinese manganese ore market

The Chinese domestic manganese ore market has continued its stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $4.11/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $4.27/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $3.64/dmtu, while offers of South African lump ore of 38 percent Mn content are at $3.48/dmtu.
 
The soft trend of manganese alloy prices has contributed to the low trading activity in the local Chinese manganese ore market in the past week, while also exerting downward pressure on manganese ore prices. However, at the same time, unchanged ore quotations from foreign miners have provided support for the stability of domestic manganese ore prices for the time being. As for the coming week, it is believed that manganese ore prices in China will mostly move sideways, though some downticks in prices may also be seen.