Latest situation in local Chinese manganese ore market

The Chinese domestic manganese ore market has followed a stable trend during the past week, while demand in the market is sluggish. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $5.71-5.79/dmtu at China's Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.71-5.79/dmtu. Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.87/dmtu, while offers of South African lump ore of 38 percent Mn content are at $4.97/dmtu.
 
The recent decrease in manganese ore quotations of overseas miners has provided relief for ore traders in China, where domestic manganese ore prices were already lower than overseas quotations. Although sentiment among traders has improved, there are concerns that further decreases could be witnessed in domestic manganese ore prices in the near future. In the downstream manganese alloy market, demand has continued to lack strength. For the coming week, it is thought that the Chinese domestic manganese ore market may continue its stable trend or indicate a slight decrease.