Latest situation in local Chinese manganese ore market

The Chinese domestic manganese ore market has mostly moved on a stable trend in the past week, though with some slight decreases also witnessed. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.36-6.44/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $6.20-$6.44/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $6.04/dmtu, while offers of South African lump ore of 38 percent Mn content are at $5.38/dmtu.
 
Prices of certain grades of manganese ore have softened slightly at Chinese ports in the past week due to low trading activity. There are also negative issues in the downstream manganese alloy market including lack of funds, and so domestic demand for manganese ore is unlikely to improve in the coming period. It is thought that China's domestic manganese ore market will be characterized by some weakness in prices in the coming seven days.